Megadeth’s Dave Mustaine will pay former manager over $1million for legal settlement

nme.com:

Megadeth frontman Dave Mustaine must reportedly pay his former manager over $1million in a new legal settlement.In court documents seen by Rolling Stone, Mustaine is set to pay Cory Brennan over $1.4million (£1.1million).

This comes as Brennan’s company 5B Artist Management alleged that Mustaine “unexpectedly and unceremoniously terminated [5B], stating no reason for the termination.” Up until their termination, 5B had managed the legendary thrash metal band since 2014, and currently manages Slipknot, Lamb of God, and other metal heavyweights.In the complaint, 5B suggested that Mustaine wished for his son to manage him, further claiming that the singer, songwriter and guitarist did not pay them for several commissions on over 40 tour dates and merchandise. “The letter also wrongly asserted that, from its date forward, [5B] would have no right to collect any commissions in connection with the products released and contracts entered into or substantially negotiated before the termination,” the complaint said.Now, Mustaine has reportedly agreed to pay the $1.4million sum to 5B, with attorney Howard King telling Rolling Stone: “Dave Mustaine, who has a known history of firing advisors, terminated 5B Artist Management after nine years of their having resurrected his failing career.“Ignoring the success 5B had helped Dave achieve, including a campaign to help him win his first Grammy, the release of two hit albums, and the elevation of his touring from small clubs back to arenas and amphitheaters, Dave simply refused to pay commissions owing and forced 5B to file a lawsuit.

While displeased at having to sue an artist, 5B is gratified that Dave has now agreed to have judgment entered against him for $1.4m in commissions he will.