Every press release I get involving the bankruptcy of Death Row Records and the efforts to secure the goods by a company claiming to be the real Global Music Group gets a bit stranger than the last.
Most recently:
Global Music Group Informs Trustee of Allegedly Stolen Death Row Master Tracks and Objects to Sale:
"Michael J. Collesano, Esq., General Counsel of Global Music Group, Inc. a Delaware corporation, today filed a Declaration with the Los Angeles Bankruptcy Court alleging that numerous master recordings of Death Row Records may have been stolen by Suge Knight and Carl "Butch" Small..."
"Collesano says that he was contacted over the weekend by a woman who claimed to be the ex-girlfriend of Carl 'Butch' Small, a close associate and friend of Suge Knight who was described as a former principal of Death Row Records who ran the studio with Mr. Knight..."
"The woman...informed Collesano that she has been living most recently near Detroit, Michigan with Mr. Small, her boyfriend for the past 18 months. On October 1, 2008 Mr. Small allegedly attacked her and attempted to kill her by choking and strangling..."
"Collesano said that the woman claims Mr. Small told her that at the direction of Suge Knight between 2001 and 2005 he removed certain master recordings, videos and other property of Death Row Records from Pacific Coast Title Archives in California to "get it gone," presumably in advance of the bankruptcy filing."
"On October 2, 2008 the woman lead Deputy Christopher Schmidt of the Livingston County Sheriff's Department to a storage unit in Burlington, Michigan under her name, where the officer found what appear to be certain master recordings and videos contained in 10" X 12" black boxes..."
"The property is being held for the moment by the Livingston County Sheriff's Department, although according to the woman, there may also be additional material of Death Row Records in her possession that she wishes to return to the proper authorities. She also told Mr. Collesano that she has been contacted by Mr. Knight's attorney and girlfriend 'Tammy' and that she remains in fear of her life."
I hate to sound insensitive but all I can think is that I hope that storage unit was climate controlled!
In previous releases, Global Music Group made their claim for rightful ownership of Death Row Records' assets.
They first appeared in July:
Global Music Group of Delaware True Bidder for Assets of Death Row Records:
"GLOBAL MUSIC GROUP a Delaware Corporation as Plaintiff filed a civil lawsuit...to assert their claim as rightful bidders of the assets of Death Row Records and to prevent the assets from falling under the control of a group controlled by former partners."
"Ron Goldberg, CEO of the company and of Alliance Capitol, LLC, its parent, announced that he filed the action against Global Music Group, Inc. a New York Corporation formed a day before the bid on June 9, 2008 by Global (Delaware) former president Anthony Marotta after Goldberg's Delaware company had retained counsel in March, 2008 and applied to be a bidder at the bankruptcy auction to be held June 24, 2008. Anthony Marotta and his new partners, RSB Investment Strategies, LLC, through the newly formed corporation with the identical name are claiming they own the assets of Death Row Records."
Later in August:
Global Music Group, Inc. of Delaware Makes Offer for Assets of Death Row Records
"Global Music Group...submitted an offer to the Trustee in the Death Row Records bankruptcy proceeding in Los Angeles, California to acquire the Assets of Death Row Records for the sum of $24 million if the bid of Global Music Group of New York (GMG New York) is deemed terminated by the Court. Last week, the Trustee for the bankruptcy estate filed to terminate the rights of GMG New York because they had not yet successfully completed the transaction."
"On June 24, 2008 the Court awarded the winning bid in the bankruptcy sale of the assets of Death Row Records for $24 million dollars to the party that applied to bid for the assets on June 10, 2008. GMG Delaware has contended it was the rightful bidder but the Court identified GMG New York in error."
"After GMG Delaware filed suit against GMG New York, the parties reached a settlement on August 6, 2008 which contemplated GMG New York financing the acquisition and sharing equity with GMG Delaware."
Of course, this may not be the Curse of Death Row Records but the long standing and even more debilitating Curse of the Music Industry Lawyers.
While that's going on, looks like the other Global Music Group is setting up shop without reference to the Death Row assets.
Unless, of course, this is a third Global Music Group!
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