Apple’s Beats Electronics and its cofounders have been sued in a U.S. court for allegedly easing out headphones developer Monster from a partnership ahead of the 2014 acquisition by the iPhone maker.
Describing a 2011 investment by HTC in Beats as a “sham transaction,” Monster and its founder Noel Lee have alleged that the deal was used by Beats to invoke a clause in its contract with Monster to end the partnership while retaining all rights to the headphone technology.
HTC, which has also been named as a co-defendant in the complaint filed Tuesday in the Superior Court of California, San Mateo County, acquired a majority stake in Beats for about US$300 million, with the plan to use the headphones technology with its mobile phones.
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