Beats Co-founders lose $25 million royalty lawsuit
Beats Co-founders rapper Dr. Dre and Jimmy Iovine have lost a $25-million royalty lawsuit against Steven Lamar, an early developer of the headphone-making company. It was ruled that Lamar was entitled to royalties earned through the headphones based on the original Studio model. Lamar claimed he worked on the headphones until a falling out with the founders in 2006.