Many would tell you that Monster’s lawsuit against Beats and HTC faced long odds from the get-go… and sure enough, it’s falling flat. A Los Angeles court has summarily dismissed the case, which accused Beats of making sketchy deals in order to both end its alliance with Monster (in the wake of HTC’s investment in Beats) and stiff Monster founder Noel Lee on share value ahead of Apple’s Beats acquisition. The judge doesn’t beat around the bush in explaining why. He says that the agreement between Monster and Beats explicitly allowed Beats to sever ties without requiring Monster’s permission or ideal conditions.
The court is rubbing salt in the wound, too. The previously scheduled trial will still go ahead in early September, but it’s now limited to Beats’ bid to recoup legal costs. In a sense, Monster’s sue-happy nature is coming back to haunt the company. It’s learning the hard way that it has to live with the consequences of its business decisions, no matter how unfortunate they may be.
Via: Business Insider
Source: Associated Press