The lawsuit was filed by Soundgarden, Tom Whalley on behalf of the Afeni Shakur Trust that oversees Tupac Shakur's estate, Tom Petty's ex-wife Jane Petty, Hole and Steve Earle.
A group of artists, their heirs and representatives of their estates filed a putative class action lawsuit against Universal Music Group on Friday over a 2008 fire that destroyed up to 500,000 master recordings in the record company's archive vaults, according to an earlier They are seeking to recover half of any settlement proceeds and insurance payments received by UMG and half of any remaining loss of value not compensated by such settlement proceeds and insurance payments.
The lawsuit goes on to describe a "systematic and fraudulent scheme of misrepresentation and misdirection" by UMG to coverup the lost masters, citing press accounts at the time based on statements by company spokespersons dramatically downplaying the fire's damage. For instance, a UMG rep told at the time, "We had no loss, thankfully. We moved most of what was formerly stored there earlier this year to our other facilities.
The lawsuit also charges UMG breached a duty of care to artists "through its negligence in storing the Master Recordings in the firetrap that was the Universal Studios backlot warehouse" where in 1990 "a similar fire in 1990 destroyed a similar area on the back lot." Ironically, in UMG's lawsuit against the backlot's leaser NBCUniversal , the company made similar claims of negligence that led to such severe damage from the fire.
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