April 24, 2001 |
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.