Andre “Dr. Dre” Young, Grammy-winning gangsta rap star and highly respected record producer, has accused PwC (formerly Coopers & Lybrand) of causing a loss of over $20 million by mismanaging his finances, diverting funds, stealing money from him, and engaging in conflicts of interest.
“They stuck it to me big time,” the star said of the accounting firm. Young is co-founder of the Death Row record label. PwC has paid $10 million in out of court settlements in two other Death Row-related claims but his holding fast in its fight against Young. So far PwC has incurred nearly $1 million in legal fees fighting this battle, claiming, “The complaints leveled by Dr. Dre are better directed at Death Row Records and other parties.”
The case is likely to go to trial next spring.