Sanctuary Sued for $50 Million
November 18, 2005 at 4:59 PM (PT)
SANCTUARY RECORDS GROUP is being sued by 5.1 LABEL GROUP for more than $50 million for breach of contract and fraud. The complaint by 5.1, filed in LOS ANGELES SUPERIOR COURT on JULY 5, 2005, charges that SANCTUARY breached the terms of a SEPTEMBER 29, 2003, amendment to the original agreement between the parties that provided for delivery by SANCTUARY to 5.1 of up to 220 albums, at least 140 for release in DualDisc configuration.
5.1 alleges that, among other things, SANCTUARY has failed and refused to deliver to 5.1 for release on DualDiscs, the main purpose of the amendment, any of the top-line albums in its catalog, including those of JOURNEY, ALISON MOYET, MORRISEY, ROBERT PLANT, MEAT LOAF, BLACK SABBATH, EMERSON LAKE AND PALMER and ERIC CLAPTON, among others.
For more on the lawsuit, click here.