MOG founder files suit, claims Beats fired him so they wouldn't have to pay compensation package

Shawn Knight

Posts: 12,795   +124
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MOG founder David Hyman has filed a lawsuit against Beats Electronics for more than $20 million according to a new report from The Wrap. The complaint stems from a compensation agreement that was signed when Beats acquired his company two...

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EchtoGammut

Posts: 7   +1
I didn't know Beats bought MOG. With that in mind, the purchase of Beats makes a little more sense. From his point of view, he probably realized why they ousted him once the news about the Apple acquisition was announced. I do find it a bit amusing that Beats bought MOG, since they mostly catered to the streaming audiophile community, which isn't exactly Beats demographic.
 
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cliffordcooley

Posts: 12,581   +5,960
Came a bit late tho didnt it... 6months down line "Ah I am gonna sue beats! its been 6 months and I should probably make court case..."
It could have been the guys lawyer dragging their feet. I can't say though, as I don't know any details. The time delay could also stem from new information that didn't surface until months later.
 

Scshadow

Posts: 624   +266
He was fired for terminating somebody... surely that must mean he literally murdered somebody because I don't see how someone in a management type role could be fired for firing someone. The article was non-specific about his role post acquisition. Is it too much to presume he retained some type of management position? Otherwise, I don't see any reason for somebody to be part of a company he sold if he didn't retain enough power to make it worth his time. It just seems fishy. I hope he has some hard proof though. It'll be circumstantial evidence mostly, I presume, and thats a tough sell.
 
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wastedkill

Posts: 1,423   +347
Came a bit late tho didnt it... 6months down line "Ah I am gonna sue beats! its been 6 months and I should probably make court case..."
It could have been the guys lawyer dragging their feet. I can't say though, as I don't know any details. The time delay could also stem from new information that didn't surface until months later.
I can imagine it now in the court Judge: So why did you wait 6 months before you filed the lawsuit?, Mog founder: I was on vacation for 6 months and tbh I didnt know apple was interested in buying us so now they are I thought Heck why not lets sue them :D.
 

Skidmarksdeluxe

Posts: 8,645   +3,288
Im not even close to a professional in this type of thing, but that seems like it might possibly be a not so wacky claim?
I was just thinking the same thing. Maybe Cook will feel sorry for him when Apple buys Beats and fully recompenses him from the loose change in his pocket. :)