A former associate of Warner Music chief Edgar Bronfman Jr, who claims he suggested Bronfman acquire the major music firm off Time Warner, and who alleges he was promised a fee in return for his involvement in initiating that acquisition, will be allowed to proceed with his lawsuit on the matter. Former Simon & Schuster boss Richard Snyder made various allegations against Bronfman in relation to his Warner acquisition, which was completed in 2004. The Warner chief hoped to have the case dismissed before it got to court but, while a judge hearing the case last week dismissed four of Synder's six claims, he has allowed two to proceed. According to Fox, NY State Supreme Court Judge Bernard J Fried ruled that Snyder "did perform valuable services for defendant from January 2002 to April 2004, that Bronfman willingly accepted those services, that [the] plaintiff expected to be compensated for his services, and that Snyder's services reaped a large financial recovery for Bronfman such that in equity and good conscience he should be ordered to make restitution to him". The case will now proceed to court.
Apr 29, 2008
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1 min read
Former Bronfman associate cleared to sue Warner chief
Former Simon & Schuster boss Richard Snyder can proceed with two claims against Warner Music chief Edgar Bronfman Jr over his role in the 2004 acquisition.