A US judge has ordered trustees to take over Suge Knight's Death Row Records following the music mogul's filing for bankruptcy earlier this year.
As previously reported, Knight declared himself bankrupt amid legal wrangling with Lydia and Michael Harris, who both claimed to have co-founded the legendary hip hop label, and to be owed their cut of the profits. A court had previously ordered Knight to pay Lydia Harris $107 million for her share of the company, but he had refused to do so, causing a judge to make moves to seize his assets. Before that could happen Knight filed for bankruptcy earlier this year, moving the case from the LA courts to the federal bankruptcy courts.
There Judge Ellen Carroll last week said that the rap label's accounting practices were in disarray because of gross mismanagement, adding "it seems apparent there is no-one at the helm". Carroll ruled that trustees should take over the running of the company to see if it can be rescued. What will now happen to the label, whose catalogue includes valuable early releases from the likes of Dr Dre, Snoop Dogg and Tupac Shakur, is as yet unclear.