Sale of gangsta rap label is held up in legal

The recent purchase of Death Row Records has been canceled after a lawsuit by former CEO Suge Knight’s estate and the label’s trustees was filed. Global Music Group failed to consummate the purchase by July 23 or by an extension until July 29, according to the action. The suit states that “since July 29, GMG (Global Music Group) has continued to fail to forward the purchase money, instead making a number of requests for extension, none of which has been granted by the Trustees.” The deal was called off with a termination letter earlier this month. Trustees are asking the court to let them negotiate with new potential buyers for the sale of the bankrupt company that made superstars of Dr. Dre, Snoop Dogg and Tupac in the 1990s.