Zync Music has filed a lawsuit against Round Hill Music Royalty Fund II, alleging multiple contractual violations and seeking millions in damages. The dispute stems from a 2017 joint venture agreement that went awry.

Key Points of the Lawsuit:

• The original deal included an asset purchase and joint tenancy agreement
• Zync was to share personnel costs, overhead bills, and revenue with Round Hill
• Zync claims Round Hill failed to provide necessary software access and proper record organization
• Allegations include "bullying and mistreatment" from Round Hill's senior leadership

Timeline of Events:

• 2017: Initial partnership agreement signed
• 2019: Zync founder Sanne Hagelsten departs
• 2022: Joint venture terminated
• 2023: Round Hill allegedly terminates Marisa Baldi in April

Current Dispute:

• Both parties hired separate appraisers to determine purchase price
• Zync (Prager Metis) and Round Hill (Alderbrook Companies) unable to reach agreement
• Round Hill seeks deductions for missed sync-revenue benchmarks
• Lawsuit includes eight counts, including breach of contract and unjust enrichment

Round Hill's Response: "Round Hill Music denies the allegations in the complaint. The dispute is a commercial matter over the joint venture partnership valuation during dissolution and appraisal process. The allegations are being used by Zync as a substitute for the failing merits of its case."

Case Number: 1:24-cv-03664

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