Audio equipment maker Monster sues Beats over alleged fraud

By Devika Krishna Kumar (Reuters) - Audio equipment maker Monster LLC has sued Beats Electronics LLC, owned by Apple Inc , over alleged "fraud and deceit" in the way that Beats acquired control of the rights to the popular "Beats by Dr. Dre" headphones. Under a partnership formed in 2008, Monster and Beats developed "Beats by Dr. Dre", a line of colorful, high-end headphones that vie with the likes of Skullcandy Inc and Bose Corp. According to the suit filed in San Mateo (Calif. ...

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