DR. DRE AND IOVINE TO PAY $5.6 MILLION IN PREJUDGMENT INTEREST
Steven T. Lowe
On August 16, 2018, Los Angeles Superior Court Judge David S. Cunningham III ruled that Steven Lamar, an entrepreneur who won $25.25 million at trial for his contributions to Dr. Dre’s and Jimmy Iovine’s first headphones in their “Beats” line of headphones, is entitled to another $5.6 million in prejudgment interest. Judge Cunningham also noted he will likely award attorneys’ fees in the future.
Steven Lamar, who a jury found was owed royalties on Beats headphones based on two royalty agreements- one between Dr. Dre and Iovine and a design firm, and another between the design firm and Lamar- proved he was also entitled to “declaratory relief” to receive royalties from any future sales of Beats’ Studio 3 headphones.
The case is Jibe Audio LLC et al. v. Jimmy Iovine et al., case number BC533089, in the Superior Court of the State of California, County of Los Angeles.
* Lowe & Associates (“The Firm”) is a boutique entertainment and business litigation firm located in Beverly Hills, California. The Firm has extensive experience handling cases involving entertainment law, having provided top quality legal services to its clients since 1991. The Firm is recognized in multiple publications for its many achievements and high ethical standards, including Martindale-Hubbell and Super Lawyers.
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