Beats Electronics cofounders Dr. Dre and were hit with a $25 million verdict in favor of former business partner Steven Lamar in a Los Angeles Superior Court on Wednesday, according to reports in The Hollywood Reporter and other media outlets. In a 2016 lawsuit, Lamar and Jibe audio sought $100 million, alleging breach of contract over royalties for headphones’ original design.
An L.A. jury awarded Lamar $25,247,350 after ruling the Dre and Iovine had not compensated him for design work he did on three headphone models; the pair had previously argued he was only owned royalties on one model, based on a 2007 agreement that specified only one model.
“We are pleased by this result for Mr. Lamar as it recognizes the key role he played in the origin of the world’s most recognizable headphones,” said Susman Godfrey partner Brian D. Melton, who served as lead trial counsel to Lamar. “We are thankful to the jury for providing this long-sought vindication for him.”
An attorney and reps…
