Report: Judge Denies EMI's Request To Throw Out Beatles Lawsuit
August 30, 2006 at 8:33 AM (PT)
NEW YORK SUPREME COURT Judge KARLA MOSKOWITZ has denied EMI's request to throw out a decades-old lawsuit filed against the label by THE BEATLES and APPLE CORPS. LTD., reports BLOOMBERG. The complaint seeks to reclaim rights to all of the BEATLES' master recordings. The original suit -- which was brought against EMI back in 1979 -- alleged in a 1979 suit that the companies underpaid the band by more than $20 million. That suit was settled in 1989, granting the banc and APPLE increased royalty payments; however, the plaintiffs' laywer stated that a recenty audit uncovered fraud, which triggered a new lawsuit in DECEMBER. EMI had requested that the new suit be dismissed as "untimely and because a fiduciary relationship no longer exists between the company and the band." Judge MOSKOWITZ obviously didn't agree.
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