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Article: Fred Rubin files $1.0 billion suit against Guitar Center & seven suppliers: class action alleges that GC prevented Korg USA, JBL, Mackie, St. Louis Music, Tascam, Telex, and Yamaha from selling to his ace pro sound & recording.(INDUSTRY FOREFRONT)
- Article from:
- Music Trades
- Article date:
- April 1, 2006
CopyrightCOPYRIGHT 2006 Music Trades Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRED RUBIN, WHOSE ACE MUSIC of Miami was the original nucleus of the now-defunct MARS Music, has filed suit against Guitar Center, Korg USA, JBL, Mackie, St. Louis Music, Tascam, Telex, and Yamaha, alleging conspiracy, restraint of trade, deceptive practices, and breach of contract. The suit, which is seeking class action status on behalf of other music and audio retailers, seeks $1.0 billion in damages from the eight named companies. In a prepared statement, Yamaha management said that claims of conspiracy, restraint of trade, and breach of contract were based on "a misunderstanding of the facts on the part of" Rubin. In a public filing with the Securities and Exchange ...
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