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Dr. Dre Settles Suit

April 24, 2001|From Bloomberg News

Andre "Dr. Dre" Young settled his fraud suit against PricewaterhouseCoopers, the world's largest accounting firm, days before a trial was set to begin.

The Grammy winner claimed in his 1998 suit that Coopers & Lybrand's Gelfand, Rennert & Feldman unit mismanaged his finances when he co-owned Death Row Records. Price Waterhouse and Coopers & Lybrand merged in mid-1998 to create PricewaterhouseCoopers.

PricewaterhouseCoopers paid Young an estimated $15 million to resolve the case, sources said.

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