Audio equipment maker Monster sues Beats over alleged fraud
Have you heard the latest news of your favorite headphones? There is now an ongoing complaint of Monster to Beat’s co-founders which include the famous Dr. Dre. Seems like things are not going well with Beats and its partner Monster LLC huh?
(Reuters) – Audio equipment maker Monster LLC has sued Beats Electronics LLC, owned by Apple Inc (AAPL.O), over alleged “fraud and deceit” in the way that Beats acquired control of the rights to the popular “Beats by Dr. Dre” headphones.
Under a partnership formed in 2008, Monster and Beats developed “Beats by Dr. Dre”, a line of colorful, high-end headphones that vie with the likes of Skullcandy Inc and Bose Corp.