A US judge has ordered trustees to take over Suge Knight’s Death Row Records in the wake of the mogul filing for bankruptcy earlier this year.
Judge Ellen Carroll said the
rap label’s accounting practices were in disarray and that there had
been gross mismanagement. “It seems apparent there is no-one at the
helm,” she said.
Knight filed for bankruptcy in
April after he was ordered to pay more than $100 million to a former
associate who said she had helped start the record label in 1989.
At the time, his lawyer, Laurence Strick, said his client was attempting to reorganise his financial affairs and that Mr Knight remained “optimistic” and “focused”.
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Source: NME
