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Do you think Kristen Hall was entitled? to any of the profits from Sugarland? If so, how should the amount be determined? Why do you
Do you think Kristen Hall was entitled?
to any of the profits from Sugarland?
If so, how should the amount be determined? Why do you think they did not have a partnership agreement?
Do you think anything could have been done to prevent this lawsuit from occurring? If so, what?
The following discussion requires two posts-an initial post and a reply post to receive full credit. On August 7, 2008, Kristen Hall, founding member of the country music group Sugarland, filed a lawsuit against her other two band members. Kristen felt entitled to one-third of the profits the band earned on its double platinum album, "Enjoy the Ride", after she left the band to pursue a song- writing career. However, the band did not have a formal partnership agreement and, thus, there was no way to easily determine what she should receive. The lawsuit was eventually settled out of court. *Scenario taken from Accounting 25th edition by Warren
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