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Prosthetic Recs files suit against Razor & Tie

Tuesday, January 19, 2010 4:24 PM PT
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According to Billboard, Prosthetic Records has filed suit against Razor & Tie in the U.S. District Court in the Southern District of New York.

Billboard details the chief complaint: "Prosthetic claims that its distribution agreement with Razor & Tie expired on Jan. 1, 2010, and is of no further force and effect, other than those obligations that run from Razor & Tie to Prosthetic following the expiration of the term of the Distribution Agreement, and is not binding on Prosthetic. According to the complaint filed by Prosthetic, Razor & Tie claims the agreement has not expired."

Among various other complaints, the suit alleges that Razor & Tie failed to provide proper accountings of bulk CDs, digital revenue and reserves. Additionally, Prosthetic alleges that Razor & Tie did not completely comply with the aforementioned distribution agreement, failing to deliver most of their releases to digital outlets in a timely manner.

Prosthetic seeks release from its contract, as well as damages "of no less than $100,000 plus interest."


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