Judge orders trustees to take over
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 $100m (£57m) 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”.