Soundgarden, Tupac Estate, Tom Petty sue Universal Music over fire

Soundgarden, Hole and Steve Earle, as well as the estates of Tom Petty and 2Pac, have filed a class action lawsuit against Universal Music Group over a fire at Universal Studios Hollywood in 2008 that destroyed 500,000 irreplaceable master recordings. The suit accuses Universal Music of negligence when it came to preventing the fire, in addition to concealing the extent of the loss from artists, while also pursuing litigation and insurance claims. The suit seeks damages worth half of insurance claims made by the label valued at $150 million, in addition to half of any additional losses, Rolling Stone reports.