Beatles To Sue Emi
THE BEATLES have been granted the right to sue their former record label EMI and affiliate company Capitol Records for over GBP10.5 million ($19 million) in alleged lost earnings. The band, including the estate of GEORGE HARRISON and JOHN LENNON's widow YOKO ONO, alleges the music giant "pocketed millions of dollars" in royalties. The ABBEY ROAD stars will, on top of attempting to win back their money, claim a further GBP13 million ($24.5 million) in damages. They will also try to reclaim the rights to the master tapes of their catalogue. EMI had requested the case be thrown out, but their appeal was denied. The battle between The Beatles and EMI has been raging since 1979, when the band and their company Apple Corp first accused the label of underpaying them. A settlement was reached in 1989, granting increased royalty rates, but a recent audit has revealed the deal was fraudulent. According to the band, EMI and Capitol falsely classified many copies of Beatles recordings as destroyed or damaged, before selling them in secret. Beatles lawyer PAUL LiCALSI says, "It's a great win for us."