The rapper and record producer Madlib, who is also the man behind Quasimoto, is suing the manager of his record and merchandise company, accusing the manager of enriching himself while mismanaging the company.
In a complaint filed in California Superior Court in Los Angeles on October 31, Madlib asked the court to dissolve medicine exhibita record company controlled by Madlib, and Madlib’s physical merchandise company, lap cat.
Litigation name Ethan Alapatalso known as stayas the defendant. According to the complaint, Egon has managed the company since it was founded in about 2010.
Egon “engaged in serious self-dealing, withheld information and repeatedly breached his duties to Madlib, as well as otherwise sustained and pervasive mismanagement and abuse of his role in the professional and business affairs of Madicine Show, Rapp Cats and Madlib ”. The charges, which can be read in full here, state.
The indictment also names the defendants as Jeffrey Carlsonalso known as Jeff Jankeco-owner of Lapp Cats, and Record again nowIt is a record label owned by Egon.
The complaint alleges that “under false pretenses,” Egon engaged Now-Again Records to act as an intermediary between Madlib Records and its primary publisher. grooveenabling Now-Again to deduct fees from any revenue generated by Madlib Music.
The complaint also alleges that Egon “failed and refused to allow” an audit of Now-Again and Madicine Show’s operations and failed to provide financial records and contracts for Madicine Show and Rapp Cats. Egon also allegedly failed to provide documentation proving that Madlib’s copyright had been transferred to Madicine Show, “based on which Madlib argued that there was no copyright at all.”
Madlib is both a solo artist and collaborator, having worked with: talibzin and Erica Badu. He is one half of the duo Crazy Waylandand the late rapper MF destruction.
Since 1999, Madlib has been stone throwing record Nicknamed “Quasimoto”. There, he met Egon, a Stones Throw executive, and Jank, the brand’s artistic director, according to the complaint.
After Madlib expressed his desire to own and control his own music, Egon proposed starting the Madicine Show, and Madlib agreed. Egon gained control of all financial and managerial matters of the company.
A similar arrangement was made with Rapp Cats, which handles Madlib’s merchandising activities. Profits from Rapp Cats will be shared between Madlib, Egon and Jank.
“From the outset, Madlib relied on and expected Egon to manage both entities competently and diligently, to never put his own interests first, to avoid commingling or switching funds, to discharge his duty of loyalty and to act fairly and honestly. There is no conflict of interest of any kind in dealing with him,” the complaint states.
The complaint alleges breach of fiduciary duty and asks the court to dissolve the two companies and declare that Egon, Jank and Now-Again Records no longer have any rights or interests in Madlib’s work or business.global music business
