Daryl Hall has reportedly filed a lawsuit against his longtime partner, John Oates, over his plans to sell Oates’ stake in their joint venture, Whole Oats Enterprises, to Primary wave Music.
This is what a report reveals THE Associated Press, which one first reported the news Friday November 24. According to P.A.The lawsuit claims that a decision by Oates to sell his share of the duo’s JV would violate the terms of their long-standing business agreement.
The legal battle quickly escalated, prompting Nashville Chancery Court Judge Russell Perkins to temporarily halt the sale “while court proceedings and a previously initiated arbitration continue,” according to the AP.
THE AP report followed the news that Hall had filed a restraining order against Oates, although details of the case have not been released because the trial has been sealed.
However, according to the P.A.part of the affair has since been unsealed by Chancellor Perkins, who had previously ordered that all details remain confidential.
THE P.A. further reports that the order prevents the sale of Oates’ interest in Whole Oats Enterprises LLP to Primary Wave IP Investment Management LLC until an arbitrator, involved in a separate case initiated by Hall on November 9, takes a decision.
The order will expire within 15 days unless extended by the court.
THE P.A. notes that it is “still unclear” whether the dispute between Hall and Oates “relates to Hall & Oates’ musical catalog.”
The legal dispute centers on an alleged breach of contract, with Hall’s team claiming Oates shared details of their joint business deal with Primary Wave, a violation of the terms of the agreement, P.A. reported.
“Thus, the entire unauthorized transaction is the product of an indisputable breach of contract,” the lawsuit states, as reported by the AP.
The court set the next hearing for November 30, well before the current restraining order expires.
In 2007, it was reported that Primary Wave had acquired a stake in Hall & Oates’ song catalog, estimated to be worth between 25 million US dollars And $50 million, according to an article from The New York Post at the time.
That same year, Primary Wave acquired “copyright and music publishing interests” For about 70 songs written by sisters Sara and Janna Allen, including their share of Hall & Oates hits like Maneater, you make my dreams come true, And I can’t go (I can’t do it).
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