New York litigation firm Kaye Scholer, representing the trustee in hip hop entrepreneur Marion “Suge” Knight’s bankruptcy case, is requesting a $6.8 million fee for handling last week’s auction of Death Row Records.
“The representation of the Trustee in this case has been particularly complex due to the individuals involved in the company’s operations and [the] intentionally illicit, ‘gangster-style’ business operations of the debtor,” stated a Kaye Scholer bankruptcy case fee application.
Scholer cites expenses used to recover assets Knight intentionally hid as a large contributor to the $6.8 million tab.
Those assets allegedly included “a Malibu home, that Knight transferred to friends in an effort to shield those assets from creditors, a secret storage locker in Michigan that contained a ‘treasure trove’ of unreleased songs by famous Death Row artists [and] other secret tracks–and records of hidden bank accounts–stashed in a southern California warehouse.”
Kaye Scholer joins a list of creditors that includes Death Row co-founder Lydia Harris and the Internal Revenue Service.
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Via Hip Hop DX.
Posted by Erik Even
on January 25, 2009. Filed under Celebrity News,Home,Law Firm News,Legal News.
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