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Death Row Records: Bankrupt

Posted by admin - Filed under: Hiphop, hiphop articles - (Tuesday July 11, 2006 at 1:20 am)

Suge KnightFriday (July 7) saw Death Row Records go out of the grip of CEO/founder Marion”Suge” Knight and into the hands of a bankruptcy trustee.

Knight had previously admitted to notreviewing the company’s financial statements in over a decade.

“It seems apparent there is no one at the helm,” Bankruptcy Judge Ellen Carrol declared.

After having to pony up $107 million to Lydia Harris for helping to start the label, Knight filed chapter 11 earlier this year. The West Coast label was once home to acts such as Snoop Dogg, Dr. Dre and the late Tupac Shakur.

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1 Comment »

  1. Comment by munir453

    yeah now maybe the fat f*k will lose some weight fat bastarrd ha ha ha lol

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