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Steve Angello faces two lawsuits that could cost him $12 million

By Chris Cooke | Published on Friday 4 November 2016

One time Swedish House Mafia member Steve Angello is facing two lawsuits in relation to past business endeavours. The plaintiffs are the former Executive VP of Angello’s label Size Records, Jade Maxe Assad, and a certain Junior Sanchez.

Assad says he initially worked with Angello on a joint venture offering tax and financial services to artists, before the two men bought Rebel Studios in 2013. He then joined Size Records, working in a business development and management role. Assad says his former business partner then wrongly terminated their working relationship in 2014, and he is now seeking allegedly unpaid wages as well as compensatory and punitive damages.

In his separate case, DJ/producer Sanchez says he was offered 5% of Size Records and a monthly retainer of $3000 in return for working with the label in a producer and A&R role. He is suing over allegations his fees were not paid for a number of months earlier this year, and that the promised equity has not been formally transferred to him.

According to Billboard, a spokesperson for Sanchez has said of the litigation: “Mr Sanchez respects and cares for Mr Angello and his family very much and considers them friends. Unfortunately in this business sometimes you need to resolve matters in a courtroom and that’s what we’re doing”.

Angello has so far declined to comment on the litigation which, according to Swedish publication Expressen, could ultimately cost him about $12 million if both plaintiffs were to prevail. Assad’s case is due in court in January, while the Sanchez litigation should get itself some court time the following month.