Beatles’ legal documents up for sale
By Page Six Team
July 3, 2016
The legal documents that settled a contentious suit between The Beatles and their ex-manager Allen Klein are going up for sale.
While the band’s final album, 1970’s “Let It Be,” is commonly known as The Beatles’ death knell, the band was also reportedly driven apart by the hiring of Klein in 1969 to replace their late legendary rep Brian Epstein. Klein had also managed the Rolling Stones, and was later called “the toughest wheeler-dealer in the pop jungle.”
Photo: Getty Images
After The Beatles split, Klein was still managing the group’s affairs, but by 1973 was fired.
He subsequently sued the band and its label, Apple, for $19 million.
Photo: Getty Images
According to Moments in Time, which is selling the settlement papers for $95,000, “On the day that the suit was settled, John Lennon and Yoko Ono, [Klein], and a group of the attorneys from both parties assembled in a suite at the Plaza Hotel . . . Photographer Bob Gruen . . . took several photographs, including some shots of John, Yoko and Klein sharing a limo and also posing with the newly signed document resting on a large loaf of bread, signifying that they were . . . making peace.”
JOHN LENNON DISSOLVES HIS CONTRACT WITH ALLEN KLEIN
MOMENTS IN TIME
In early 1973, the former Beatles decided that they would not be renewing their savvy business manager Allen Klein’s contract when it expired in March. Upon his release, Klein promptly sued The Beatles and Apple in Both New York and London for $19,000,000 (roughly $106,000,000 adjusted for 2016).
The lawsuit was settled on January 8, 1977, with Apple having to pay Allen Klein/ABKCO $5,009,200 ($20,400,000 in 1977 dollars). In turn, Klein had to pay out a total of $800,000 ($3,250,000 in 1977).
On the day that the suit was settled, John Lennon and Yoko Ono, Allen Klein, and a group of the attorneys from both parties assembled in a suite at The Plaza Hotel – and documents were signed by John Lennon and Allen Klein that settled the lawsuit. The mood was actually upbeat and Lennon and Klein were both happy to put this mess behind them. Photographer Bob Gruen was on hand that day and took several photographs, including some shots of John, Yoko and Klein sharing a limo and also posing with the newly signed document resting on a large loaf of bread, signifying that they were ‘breaking bread’ and making peace.
This document was signed on the day that John Lennon and Allen Klein were in The Plaza Hotel to end their feud, thus signifying the resolution of one final bit of business with regard to the dissolution of The Beatles, ironically taking place in the very same building where The Beatles stayed on their first historic visit to New York in February of 1964.