Apple's Beats Electronics division today lost a lawsuit levied against it by Steven Lamar, who had a hand in the development of the Beats brand.
According to Bloomberg, a jury today decided that Lamar is entitled to $25 million due to a disputed settlement in 2007 with Beats co-founders and Apple execs Jimmy Iovine and Dr. Dre.
Lamar signed over the rights to the Beats design in exchange for royalties back in 2006. He claimed that under the terms of the settlement, he was owed royalties on all Beats models, while Dre and Iovine said he was entitled to royalties only on the original Studio model released in 2008, leading to a legal dispute.
The jury awarded Lamar royalties on all models of the Studio Beats headphones, but not on other models, an amount that could add up to a total of $40 million when interest and attorney fees are taken into account.
Lamar in 2006 claims to have shown a headphone design to Iovine, who recommended Dr. Dre as an endorser, creating the partnership that led to the creation of Beats Electronics. Lamar then helped to develop the Beats brand and the concept behind the headphones until he had a falling out with Iovine and Dre in 2006.
Apple purchased the Beats brand in 2014 for $3 billion, with Jimmy Iovine and Dr. Dre (otherwise known as Andre Young) joining Apple at that time. Since then, Apple has continued to sell products under the Beats label.
According to Bloomberg, a jury today decided that Lamar is entitled to $25 million due to a disputed settlement in 2007 with Beats co-founders and Apple execs Jimmy Iovine and Dr. Dre.
Lamar signed over the rights to the Beats design in exchange for royalties back in 2006. He claimed that under the terms of the settlement, he was owed royalties on all Beats models, while Dre and Iovine said he was entitled to royalties only on the original Studio model released in 2008, leading to a legal dispute.
The jury awarded Lamar royalties on all models of the Studio Beats headphones, but not on other models, an amount that could add up to a total of $40 million when interest and attorney fees are taken into account.
Lamar in 2006 claims to have shown a headphone design to Iovine, who recommended Dr. Dre as an endorser, creating the partnership that led to the creation of Beats Electronics. Lamar then helped to develop the Beats brand and the concept behind the headphones until he had a falling out with Iovine and Dre in 2006.
Apple purchased the Beats brand in 2014 for $3 billion, with Jimmy Iovine and Dr. Dre (otherwise known as Andre Young) joining Apple at that time. Since then, Apple has continued to sell products under the Beats label.
Tag: Beats
28 comments
With Christmas under two weeks away, we're now entering last-minute holiday shopping season. Although some of the best deals may have already come and gone this year, many brands and retailers...
Repair site iFixit managed to get a Mac Pro on Friday, and has kicked off its traditional teardown with an uncasing and first impressions video.
The video shows the process of removing the Mac...
Through Apple's AC Wellness services that offer health benefits to Cupertino employees, Apple has begun providing its staff with free genetic testing, reports CNBC.
AC Wellness operates...
A year to the day after Apple announced plans to spend $1 billion on a new corporate campus in Austin, Texas, to initially support 5,000 employees with the potential to grow to 15,000, television...
Shortly after the Pro Display XDR became available to order this week, Stephen Hackett of Relay FM noted that the iMac Pro was not included in the list of Mac models compatible with the display on...
AT&T today announced that it has launched its 5G network in its first ten markets: Birmingham, Indianapolis, Los Angeles, Milwaukee, Pittsburgh, Providence, Rochester, San Diego, San Francisco,...
Tim Cook continued his tour of Asia this week with a trip to Bangkok, Thailand. The Apple CEO has been documenting the journey on his Twitter account.
Cook kicked things off with a visit to...
Apple today announced the addition of "Ultimate Rivals" from Bit Fry Game Studios to its Apple Arcade gaming service.
Ultimate Rivals is a sports game franchise that brings athletes from...
