IDJMG/TVT Suit: It's Finally Over
January 17, 2006 at 5:08 PM (PT)
An appellate court has unanimously ruled in favor of the ISLAND DEF JAM MUSIC GROUP, and its former CEO LYOR COHEN, by denying an appeal filed by TVT RECORDS in a court case that reaches back to 2003. The original lawsuit filed by TVT involved the release of an album by JA RULE and his former group CASH MONEY CLICK. JA RULE got his start on TVT records before signing with IDJMG's MURDER INC.
TVT had alleged that COHEN reneged on a deal to allow JA RULE to record a CASH MONEH CLICK reunion album, causing TVT to suffer financial harm. A jury ruled in favor of TVT, and slapped IDJMG and COHEN with a combined $132 million in damages, but that verdict was overturned by an appeals court in June 2005. TVT challenged the reversal, but the appellate panel denied the label's appeal. TVT will still receive $126,720 in damages from IDJMG for a breach of contract claim that was not appealed, according to the NEW YORK POST.