LOS ANGELES - Marion "Suge" Knight and his Death Row Records filed for bankruptcy today, hours before the rap mogul was expected to lose control of his label in a US$107 ($178) million civil court judgment.
By seeking bankruptcy protection, Knight, who co-founded Death Row in the 1990s and helped launch the careers of Snoop Dogg and Tupac Shakur, forestalled a court order that would have handed control of the label to a special court officer known as a receiver.
Superior Court Judge Ronald Sohigian issued the order after finding Knight had failed to make good on the US$107 million judgment obtained last March by Lydia Harris, who claimed he cheated her out of a 50 per cent stake in Death Row.
"He has no choice, the way these people have forced his hand," said Knight's new lawyer, Laurence Strick. He said he expected the rap kingpin to get a fairer shake in federal bankruptcy court than in state court.
- REUTERS
Rapper files for bankruptcy
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