During 2014 Apple bought Beats for $3.2 billion, and together with it he also took possession of the adjacent problems. One of them materialized in a lawsuit filed by the company Monster, she designing the original version of the helmets Beats by dre, but also the technology behind them.
Monster CEO Noel Lee says that Dr. Dre and Jimmy Iovine they pirated the technology developed by Lee and Monster when they created the helmets Beats By Dre. In the action filed in court, Monster claims that Dre and Iovine did not disclose their true intentions during the Beats by Dre headphones development process, avoiding to notify their partners about their intentions to sell these products.
Monster, which co-designed the original Beats By Dr. Dre headphones, is filing suit against Beats Electronics, the firm acquired by Apple in May and co-founded by musician Dr. Dre and producer Jimmy Iovine. The audio tech company and its CEO, Noel Lee, say in the suit that he and Monster invented the technology behind the Beats By Dr. Dre headphones. The suit claims that Iovine and Dre (Andre Young) committed fraud in pirating the headphones away from Lee and Monster.
Monster did not get anything from their sale and lost millions of dollars following the investment in Beats, and through the process they are trying to recover the money and not only that. Noel Lee also owned 5% of the Beats company, but following repeated investments made over time, he remained with a much smaller percentage, losing 100 million dollars after the sale to Apple.
Whether the process will be successful or not remains to be seen, but it is clear that Lee is trying to obtain serious amounts of money from the Apple company through this action.
