Styx Says They Were Cheated By A&M Records
Posted by Joseph Lee on 02.27.2013
And they're suing...
TMZ reports that Styx, the band best known for songs like "Lady" and "Come Sail Away", has filed a lawsuit against A&M Records under Styx's corporation Gelderdisk LTD in Los Angeles County Superior Court on Friday.
The band claims that A&M has cheated them out of royalties and income from digital downloads and ringtones by creating a "phony business model" in order to "avoid its royalty obligations." The band claims for every one dollar it has been paid, "it should have been paid, or credited anywhere between TWO and FIVE dollars."
They are suing for unspecified damages which will be proven at trial. It is probably a large number given the band's success.