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| Phenom | Kingz | Dabatos | TonySelf | Tha Q | Half Breed | Tito | 7th End | RV Radio  |
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07-24-06, 01:57 AM
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#1
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Whys That?
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R.I.P deathrow
IP:
Friday ordered a bankruptcy trustee takeover of Marion "Suge" Knight's Death Row Records, saying the record label has undergone gross mismanagement.
U.S. Bankruptcy Judge Ellen Carroll made the ruling as part of proceedings initiated when the rap label filed for bankruptcy in April. Carroll said the label's accounting practices were in disarray and noted that Knight testified he hadn't reviewed the financial statements in a decade. "It seems apparent there is no one at the helm," she said, adding there appears to have been gross mismanagement, allowing her to take away Knight's control. Knight was not present at the hearing and a message left for his attorney was not returned. The label and Knight filed for protection under Chapter 11 of federal bankruptcy law. Knight has claimed debts of more than $100 million. The federal filing halted a state court action in which a former couple, who claim they helped found the label, were trying to collect a $107 million judgment from Knight. |
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07-24-06, 02:05 AM
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#2
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Not_Indeph
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IP:
I wonder who Suge is gonna threaten and blaim for this!
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07-24-06, 02:07 AM
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#3
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Whys That?
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IP:
proberly me for posting it on RV. fucking suger.
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07-24-06, 03:03 AM
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#4
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~Break Bred or Play Dead~
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IP:
lol...@ they had signed Crooked I 2
and Young Eastwood wit BlackwallStreet now
__________________
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07-24-06, 03:35 AM
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#5
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On The Air - COMIN JAN 07
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IP:
I personally dont care without Snoop Pac Dre or any of them peeps they aint shit no more
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07-24-06, 04:37 AM
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#6
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Bangs like bikini attol
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IP:
Lmao...
I really doubt that suge is broke... This shit is only face value news bruz........... |
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07-24-06, 09:03 AM
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#7
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ILL GRAMMATIX... any other questions?
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IP:
Suge pocketed money from everyone.... that lable was a piece of shyt after snoop and dre left anyways... all he had was pac.... then he got desperate and signed charli baltimore?...lmao.. and left eye... yeah...she was a thug...lol....i liked her and all but that lable wasn't for her
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 CLICK DA SIGGY  "real recognize real but still others remain jaded believing bullshit accounts of how "so-and-so" made it there's a formula for gimmick emcees that are over-rated: wackness created... payola paid it... and radio overplayed it" |
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