Wednesday, March 15, 2006

Death of Death Row Records? Maybe- Maybe Not

Suge Knight Ordered to Hand Over Death Row Records:
A judge said on Thursday he would take control of Marion "Suge" Knight's assets, including his Death Row Records label, after finding the rap mogul had avoided paying a $107 million civil court judgment. Los Angeles County Superior Court Judge Ronald Sohigian said Knight, who co-founded Death Row with Dr. Dre in the early 1990s, could stave off the order if he fully disclosed his assets in a debtor's exam set for April 1.

Judge Sohigian said he would appoint a court officer to take over Knight's finances because he had failed to make good on a $107 million judgment won last March by Lydia Harris, who claimed he cheated her out of a 50 percent stake in the rap label."Because he had a long history of deceiving the court and avoiding payment, I asked the court to appoint a receiver to take over," Harris' attorney, Rex Julian Beaber, said. "If Knight cooperates in providing the information, he can ask the court to remove the receiver. But I don't think there's a chance in hell Knight is going to cooperate."A lawyer for Knight, Dermot Givens, said later the judge had not formally signed an order taking control of Suge's assets, and Givens expected to have it overturned by proving Knight and Harris had reached a settlement in the case."In May of 2005, she received a million dollars and rights to various music, and she signed a settlement agreement," Givens told Reuters. He said Harris was trying to back out of that settlement under pressure from her ex-husband, Michael, who would be entitled to share in the original $107 million judgment.The judge has not signed off on any settlement between Knight and Harris. Beaber and a lawyer for Michael Harris, Steven Goldberg, said there was no such agreement and Goldberg predicted Knight would ultimately lose control of his record label."I think it's a death nail for Death Row," Goldberg told reporters outside court.

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