Limp Bizkit has filed a massive lawsuit against Universal Music Group (UMG), claiming over $200 million in damages for unpaid royalties, copyright infringement, and breach of contract.

Key Claims:

• The band alleges they never received royalty payments from UMG despite significant commercial success
• A recent investigation revealed cumulative due royalties of almost $1.04 million
• The band claims UMG fraudulently classified recouped accounts as "unrecouped" to prevent payment

Background:

• Initial 1996 agreement between Limp Bizkit and Flip Records
• Flip Records had a joint venture with Interscope and later sold half its stake to UMG
• New Interscope agreement in 2000 required bi-annual royalty statements
• Fred Durst's Flawless Records had a separate joint venture with Interscope

Recent Developments:

• In April 2024, new representation discovered the band hadn't received any royalty payments
• UMG portal access revealed nearly $1.04 million in unpaid royalties
• Late August 2024: Limp Bizkit received $1.04 million, Flawless received $2.35 million
• Band disputes UMG's claim of $43 million in advances, stating the actual figure is closer to $13 million

The lawsuit seeks to terminate existing contracts and secure damages exceeding $200 million. Universal Music Group has yet to provide a comprehensive explanation for the alleged unpaid royalties and accounting discrepancies.

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