Rap-A-Lot CEO James Prince Subpoened In Suge Knight Case
By Nolan Strong
Date: 4/17/2006 6:40 pm
Houston, Texas mogul James Prince was served a subpoena by an attorney for imprisoned drug boss Michael "Harry-O" Harris, who seeks to determine the financial relationship between Prince and Marion "Suge" Knight.
Prince, owner of Rap-A-Lot and Prince Boxing, was served with the subpoena while sitting ringside at the IBF Welterweight Championship bout between "Pretty Boy" Floyd Mayweather and Zab "Super" Judah on Saturday, April 8.
Harris' lawyer Steve Goldberg will question Prince on Thursday, April 20 in Houston, seeking knowledge about the relationship between Prince and Knight.
"They have a relationship, they were sitting side by side at the [Floyd] Mayweather fight and we are seeking to determine the depth of their business relationship," Goldberg told AllHipHop.com. "We believe that Mr. Prince may owe Mr. Harris a substantial amount of money."
Goldberg said he believes Knight and Prince have several unnamed joint ventures together.
"I look forward to getting into the nitty-gritty of the financial dealings between Mr. Prince and Mr. Knight," Goldberg told AllHipHop.com. "I plan to leave no stone unturned."
Knight filed for bankruptcy earlier this month, claiming debts of more than $100 million.
Knight said he filed for bankruptcy in an attempt to avoid paying Harris' estranged wife Lydia a $107 million default judgement against Knight and Death Row Records.
Harris, who is serving a 28-year sentence for attempted-murder and drug dealing in San Quentin, claims he invested $1.5 million to help start Death Row Records in 1991 with Knight's attorney, David Kenner.
The label released platinum records by Dr. Dre, Snoop Dogg, Tha Dogg Pound, Tupac Shakur and others.
The Harris' won a default judgement, after Knight missed several hearings seeking to determine his assets.
While Knight and Prince have never formally announced a business venture, rumors have persisted for years that Prince and Knight were planning a record distribution company.
