Lawsuit Accuses Dr. Dre, Jimmy Iovine Of Cheating Former Beats Electronics Partner


(nunodantas) (nunodantas) Beats Electronics and Music certainly got a tidy sum to become a part of Apple, in fact, the $3 billion deal is the iPhone maker’s largest acquisition to date. But a lawsuit from a former partner of Beats executives Dr. Dre and Jimmy Iovine claims that the duo swindled him out of his chunk of that very lucrative pie.

A complaint filed Tuesday in San Mateo Superior Court accuses Dre and Iovine of duping Noel Lee, who happens to be the founder of video and audio cable maker Monster. He alleges that his partners worked out a “sham” deal with HTC in 2011 that allowed them to sever their connection with Monster, reports the Associated Press.

Before that split, Lee held a 5% stake in Beats as a result of that former partnership. The suit alleges that Dre and Iovine’s machinations saw him cutting his…

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