An LA bankruptcy judge has set a deadline for parties to file claims against Death Row Records and its chief Suge Knight as part of the Chapter 11 restructuring of the legendary hip hop label. As previously reported, Death Row and Knight filed for Chapter 11 protection back in April amid demands from another LA court that the hip hop mogul pay up on a compensation payment he had been ordered to pay in a previous court case with former business associates.
Anyone with a financial claim against the label or its owner must now submit details of the claim to the bankruptcy court by 31 Oct. The label's 'chapter 11 trustee', Todd Neilson, told reporters this week: "We believe that it is vital that all parties asserting claims come forward and assert them in a timely manner so that Death Row can come out of Chapter 11 quickly". Among those already known to have a claim against Death Row are Koch Records, Interscope Records, the IRS and Lydia and Michael Harris, the two former business associates who have the earlier compensation claim against Knight (well, Lydia mainly, though Michael was claiming a share as part of the couple's divorce proceedings).