Hives Ordered To Pay Cardigans $3MM

BBC has reported that the Hives have been ordered to pay the Cardigans 18.5MM kroner, which is roughly 3MM America dollars via a loan the Hives claim to have no idea they were taking. The legal kerfuffle was generated by Malmo, Sweden recording facility Tambourine Studios, manager of both bands’ finances, which were frequently moved back and forth between accounts. From the report:

The Hives claim they were never told that some of the money they were receiving was a form of loan.

But a district court in Lund, southern Sweden, ruled the money still had to be paid, along with more than five million Swedish kronor (£500,000) in legal fees.

“It is claimed that we borrowed money and simply do not want to pay it back,” The Hives said prior to the judgement.

The band insist there was “no agreement on the loan, no signed documents, no agreements on interest rates or terms of repayment”.

Their lawyer said they would appeal the verdict.

These are not the first artists to be involved in this kind of case. Other Swedish artists, like Europe and the Soundtrack Of Our Lives, have reportedly suffered the same kind of trouble. There will be further investigation into whether signatures on the documents allowing this kind of management are legitimate.

Comments (20)
  1. how did either of these bands get that kind of cash?

  2. I thought it was The Cardigans, the band.

  3. It is The Cardigans the band. Check the tags.

  4. This whole article is confusing.

  5. shouldn’t Sweden be well aware that The Hives Are Law, You Are Crime ?

  6. When they’re forced to pay the money, the judge is going to be like, “Hate to say I told you so, alright!”

  7. So just to be clear…The cardigan sweater company of Sweden has taken legal action out against The Hives? Pelle needs to not use “This is my main offender!” If the decision doesn’t go their way they could use the old two timing touch and broken bones and leave the country in a hovercraft!

  8. Hard to figure out who’s the Main Offender here…

  9. The Hives pretty much got ripped off by there accounting firm, where some of Cardigans close relatives work.

  10. That is just really misinformed. The Hives primarily have beef (technical term there) with their business managers, who they accuse of cheating them. They have also sued the accountant firm, PWC, for 170 millions kr (roughly $35 million), but these days they’re suing everyone with their all too trigger happy lawyer, so that’s a minor thing in the case. Even though the sum is quite… incredible.

    If you don’t mind a bit of google translating then there’s is a great article on the case here: http://www.sydsvenskan.se/kultur–nojen/striden-om-rockmiljonerna-2/

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