Monster is suing Beats electronics claiming that Beats stole their property and ran with it. The complaint that was filed today alleges that Dr. Dre along with Beats co-founder Jimmy Lovine defrauded and betrayed monster CEO Noel Lee by concealing business dealings while negotiating with Apple in a $3 billion deal made last year. This was after the companies had split back in 2012. Monster also claims that Beats threatened to remove their products if they were on the same shelves with monster electronics.
No statement has been issued from Beats to shed some more light on the situation but our advice to Dr. Dre…Don’t Cash That Billion Dollar Cheque yet!