Death Row Records can’t seem to dodge drama.
It’s currently owned by a company called WIDEawake Entertainment Group, led by Lara Lavi who — along with investors — paid $18 million to get the company out of bankruptcy and gain access the label’s storied catalog, which features classics by Dr. Dre, Snoop Dogg and Tupac Shakur.
However, somewhere along the way, Lavi was ousted by Death Row and she has just filed a lawsuit to “compel inspection of books and records to investigate potential self-dealing and breaches of fiduciary duty by Ronald Ovenden, a member and manager of Death Row LLC,” according to TheBoomBox.com.
In simpler terms, this means that Lavi is suing the guy who supplied money for the new Death Row for acting in his own interests and ultimately taking money from shareholders, artists and others involved in the company.
According to the lawsuit filed by WIDEawake, Ovenden took $5 million in advances that were raised to capitalize the new Death Row.
“The lawsuit is the first step towards getting to the truth about what Mr. Ovenden and his company New Solutions Capital did with the $5 million in advances Ms. Lavi raised,” said Lavi’s legal counsel on her behalf. “Only the Court of Chancery of the State of Delaware has jurisdiction over a complaint to compel inspection of a Delaware LLC’s books and records. Ms. Lavi has every right to these documents as she is an owner and a managing member.”
Where this leaves any releases in the immediate future is unknown at press time. But it’s likely, things will be put on hold until the legal situation is worked out.