Tip - TLC Settles Suit, Setting Aside a Troubling Use of Bankruptcy

Members of the rhythm-and-blues group TLC and lawyers for LaFace Records and Pebbitone Inc., which brought the group to public attention in the early 1990's, signed a settlement this weekend, ending a yearlong battle over how the fruits of TLC's success should be divided. The settlement includes a confidentiality clause barring comment on the financial details or other specifics of the agreement. Speaking in general terms, two of the lawyers who helped broker the agreement said it provided for a direct recording contract between the trio -- Lisa Lopes, Tionne Watkins and Rozonda Thomas -- and the record label, LaFace, for an undisclosed number of albums. It also releases TLC from all contractual obligations with Pebbitone, the group's former manager and producer.
Tags: RECORDINGS (AUDIO), MUSIC, SUITS AND LITIGATION, BANKRUPTCIES, ROYALTIES,PEBBITONE INC, LAFACE RECORDS, TLC