Limp Bizkit Sues UMG for Over $200 Million in Royalties
The band has accused UMG of fraud and copyright infringement.
Fred Durst and members of Limp Bizkit are suing Universal Music Group over alleged unpaid royalties.
According to TMZ, the nu metal band claims that they're owed over $200 million in royalties and other profits, also citing three billion in streams earned in the past two years.
In court documents, Limp Bizkit alleges that their label didn't intend on issuing payment, and per Variety, they're accusing UMG of violation of a contract due to fraudulence, copyright infringement and fraudulent concealment. The band alleges that UMG implemented royalty software systems that intentionally conceal artists' royalties in order to retain the funds. Last November, UMG submitted a motion to dismiss the case, arguing that the allegation of royalties being withheld was "fiction."
Limp Bizkit also claims that their record deal signed in the 1990s originally involved a 50-50 split agreement, although the band never received equal profits. In addition, Durst says he was promised ten percent in profits over Staind, a group he discovered and helped sign to UMG. But payments are said to have unexpectedly ended on the deal in 2012.
Judge Percy Anderson ruled in a decision filed on March 17 that the Limp Bizkit frontman would have to refile most of his claims in either New York or California and denied UMG's attempt to dismiss the copyright infringement claims. UMG has been asked to file a response by April 7.
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