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Universal Music Faces Federal Lawsuit For Recordings Lost In 2008 Fire

LOS ANGELES SENTINEL — Representatives of several artists who lost master recordings in a 2008 fire at Universal Studios have filed a class action lawsuit seeking at least $100 million in damages, according to multiple media reports.

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By City News Service

Representatives of several artists who lost master recordings in a 2008 fire at Universal Studios have filed a class action lawsuit seeking at least $100 million in damages, according to multiple media reports.

The rock bands Soundgarden and Hole, country-rock singer-songwriter Steve Earle and the estates of rapper Tupac Shakur and rocker Tom Petty are among those suing Universal Music Group over the fire in its Los Angeles vaults that allegedly destroyed master recordings made by those and other artists.

It is the first legal action taken since a June 11 New York Times Magazine article noted that a fire on June 1, 2008 destroyed thousands of archived recordings dating back to the 1940s and including such iconic artists as Louis Armstrong, Ella Fitzgerald, Bing Crosby and Judy Garland and rock-era performers such as Chuck Berry, Ray Charles, Elton John, the Police, Nirvana and the Roots.

Both the article and the lawsuit allege neither the affected artists nor their representatives were informed of the losses.

The lawsuit, filed jointly Friday in U.S. Central District Court in Los Angeles by attorneys with three separate law firms, states Universal Music owes their clients, and others to be identified later, half of a confidential settlement Universal Music Group negotiated with its sister company, Universal Studios, to compensate for the losses, estimated in the court papers to be at least $150 million, the Los Angeles Times reported.

According to the lawsuit, the artists are also entitled to a share of an insurance settlement Universal Music received for the fire losses. It also accuses Universal Music of breaching its contracts with artists by failing to properly protect the master recordings, which yield higher quality reproductions.

“UMG concealed its massive recovery from plaintiffs, apparently hoping it could keep it all to itself by burying the truth in sealed court filings and a confidential settlement agreement,” the lawsuit alleges. “Most importantly, UMG did not share any of its recovery with plaintiffs, the artists whose life works were destroyed in the fire — even though, by the terms of their recording contracts, plaintiffs are entitled to 50% of those proceeds and payments.”

Officials with Universal Music have declined to comment on the lawsuit, but have previously said the losses were minimal and promised “transparency” about the fire and the resulting damage. UMG representatives have also criticized the New York Times article, saying it was riddled with “numerous inaccuracies, misleading statements, contradictions and fundamental misunderstandings of the scope of the incident and affected assets.”

Universal Music is the largest record company in the world. It is owned by Vivendi, the French media conglomerate, which reportedly has been looking to sell up to 50 percent of the company.

This article originally appeared in the Los Angeles Sentinel

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Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

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Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.
Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.

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