Loyola of Los Angeles Entertainment Law Review Volume 23 Number 2 Article 4 1-1-2003 Accounting Accountability: Should Record Labels Have a Fiduciary Duty to Report Accurate Royalties to Recording Artists Corrina Cree Clover Follow this and additional works at: https://digitalcommons.lmu.edu/elr Part of the Law Commons Recommended Citation Corrina Cree Clover, Accounting Accountability: Should Record Labels Have a Fiduciary Duty to Report Accurate Royalties to Recording Artists, 23 Loy. L.A. Ent. L. Rev. 395 (2003). Available at: https://digitalcommons.lmu.edu/elr/vol23/iss2/4 This Notes and Comments is brought to you for free and open access by the Law Reviews at Digital Commons @ Loyola Marymount University and Loyola Law School. It has been accepted for inclusion in Loyola of Los Angeles Entertainment Law Review by an authorized administrator of Digital Commons@Loyola Marymount University and Loyola Law School. For more information, please contact
[email protected]. NOTES & COMMENTS ACCOUNTING ACCOUNTABILITY: SHOULD RECORD LABELS HAVE A FIDUCIARY DUTY TO REPORT ACCURATE ROYALTIES TO RECORDING ARTISTS? "The record business is in rough enough shape that something might actually change ....If things weren't so uncertain, so bleak and in such disarray, the industry would be immovable, even with a gun to its head. If there was ever a set of circumstances that could lead to artists making inroads, it's now. I. INTRODUCTION On June 25, 2002, a Los Angeles judge approved a $4.75 million2 settlement in a class-action suit brought by the