The founding members of 1980s metal band Megadeth have exchanged lawsuits after bassist David Ellefson filed an action on July 12 2004 in U.S. District Court for the Southern District of New York alleging that co-founding guitarist David Mustaine breached their long-running partnership agreement. He claims Mr Mustaine wrongfully took the lion’s share of the band’s income (estimated at more than $200 million since 1984) for himself and cut Ellefson out of the band’s music publishing and merchandise revenues. The bassist is seeking at least $18.5 million in damages. Mr Mustaine’s counterclaim, filed July 29 in California Superior Court in L.A., alleges that Mr Ellefson executed a settlement agreement in which he gave up his 20% interest in Megadeth. Mr Mustaine maintains that the settlement, which Ellefson alleges was signed under pressure (duress) and ultimately withdrawn, released Mr Mustaine from all claims and his suit seeks damages to be determined.
Source : Billboard
See : http://msnbc.msn.com/id/5627419/