TVT Records Lawsuit Payout Reduced

Roger Friedman of FoxNews.com reports Universal Music Group’s Def Jam label had its payout of $132 million to TVT Records reduced by more than half, to $53 million, by Judge Victor Marrero in U.S. District Court. Writing in two 100-page decisions — one for liability and the other for punitive damages — the judge however called Def Jam’s actions “shabby and deplorable.” Nevertheless, he writes “reasonable people would differ on whether, in the light of all the Defendants’ offenses, the wrongs they committed were sufficiently shocking and contemptible to merit, as a calculated response, the size of the penalties the jury actually assessed.” Read more.


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