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Court rejects Monster founder’s claim that Beats tricked him out of his share of Apple’s $3B

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<p><a href="http://hosted.ap.org/dynamic/stories/U/US_APPLE_BEATS_LAWSUIT?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT" target="_blank">AP[/url] reports that an LA judge has dismissed a claim by Monster founder and former Beats shareholder that the company tricked him out of his share of the company prior to its <a href="https://9to5mac.com/2014/05/28/apple-confirms-beats-purchase-for-3-billion/" target="_blank">acquisition by Apple[/url]. <span class="s1">Noel Lee had claimed that double-dealing and misrepresentation by Dr. Dre and Jimmy Iovine cost him a between $30M and $150M.</span></p>
<p>Lee <a href="https://9to5mac.com/2015/01/06/monster-sues-beats/" target="_blank">filed the lawsuit[/url] back in January of 2015, making two main claims against Beats. The first alleged that the company entered a ‘sham’ deal with a smartphone maker, selling 51% of the company to HTC before later buying it back. The sale triggered a clause in the contract that ended the partnership between Beats and Monster …</p>
<p> <a href="https://9to5mac.com/2016/08/31/beats-monster-lawsuit-dismissed/#more-443760" class="more-link">more…[/url]</p>
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