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Consultants Lose Bid for Percentage of Record Label
A successful Atlanta-based hip-hop and R&B label beat back the efforts of a Los Angeles consulting firm to lay claim to hundreds of thousands of dollars and a large chunk of the company itself, when a jury declared that the record company owed the consultants less than $3,500. LVRN Publishing LLC v. Kashani, 2019CV316416.
The Fulton County, GA, jury also awarded LVRN Records — popularly known as Love Renaissance — $50,000 for money the consultants pocketed meant for the label, but its lawyers said they were likely to seek attorney fees for having to defend counterclaims seeking a 12.5% share of the company.
The court victory came just three days before LVRN released "Still Over It," the newest record by the label's hottest star Summer Walker whose 2019 debut "Over It" went platinum. According to court filings and attorneys William Piercy and Katherine Silverman of Berman Fink Van Horn in Atlanta, LVRN founders Carlon Ramong, Justice Baiden, Junia Abaidoo, Sean Famoso McNichol and Tunde Balogun met while students at Georgia State University and started the label about 10 years ago. "They were DJs, party promoters … trying to break into the music business and started managing hip-hop artists," Silverman said.
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