More Legal Drama For The Fray
Wed, 12 May 2010 09:26:11
According to reports, a federal judge has ruled that a lawyer for Denver's The Fray might face liability in the band's continuing legal troubles with their former manager.
The Fray claims that Gregg Latterman, their former manager, failed to disclose the fact that his company obtained ownership of a portion of their music via a 2005-signed publishing agreement. What does that shit mean in lay man's terms? Simple. That their ex-manager took ownership of the biggest revenue stream an artist can hope for.
U.S. District Court Judge Boyd Boland agreed to consider Latterman's claim that the band's lawyer, J. Reid Hunter of New York, was aware of the publishing agreement and failed to inform the band of this fact. That makes this case a sticky, icky, problematic mess for all involved, but The Fray are most certainly the biggest victims. Latterman claims that the band breached their contract with him and they owe $750,000 in commission and expenses. Ouch. That's a crippling figure.
A settlement conference is scheduled for May 19.
Do you like The Fray? Do you think the band got effed by the manager or the manager got effed by the band?