Apple’s Beats Sued for Stealing Idea
Monster (MWW), the audio equipment company, said in the suit it fell victim to a “complete sham” that allowed Dre and Iovine to take control of the Beats by Dr. Dre brand.
The suit repeatedly states Monster suffered “millions of dollars in damages” — mostly for turning over its intellectual property and being blocked from business deals — but does not specify a specific dollar amount.
Monster said it invested heavily, assigning 100 employees to the project and making 30 prototypes before the headphones reached the market. It suggests the extent of Dre’s and Iovine’s involvement was mostly promotional appearances.