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

Key Details of the Dispute:

• The original deal included an asset purchase and joint tenancy agreement, with Zync's creative team working alongside Round Hill's sync staff
• A publishing joint venture was established to fund new artist development
• The agreement was terminated in 2022, as per the contract terms

Main Allegations:

1. Financial Disputes:

• Round Hill allegedly failed to make required payments
• Disagreements over expense-sharing arrangements
• Dispute over final purchase price valuation

2. Operational Issues:

• Limited access to proprietary software
• Poor records organization
• Difficulties in identifying song rights

3. Professional Conduct:

• Claims of "bullying and mistreatment" from Round Hill leadership
• Alleged hostile work environment leading to key personnel departures

Current Status:

• Both parties hired separate appraisers (Prager Metis for Zync, Alderbrook Companies for Round Hill)
• Zync is suing on eight counts, including breach of contract and unjust enrichment
• Round Hill denies all allegations, describing it as a "commercial dispute over valuation"

Round Hill's official response: They deny allegations and state the dispute is primarily about joint venture partnership valuation during the dissolution process.

Legal case reference: 1:24-cv-03664

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