Billy Corgan suing distributor for back royalties

​According to The Hollywood Reporter, Corgan filed a suit in the Los Angeles Supreme Court on Wednesday. Corgan stated that he’d signed a deal giving Rocket Science, Inc.; Skyrocket Holdings, LLC and its principal Kevin Day exclusive distribution rights for some of his recordings, effective 1 January, 2010. Corgan is suing for breach of contract, claiming that Day did not observe standard business practices—including maintaining separate bank accounts—and that Day used business funds to cover personal expenses.

The suit states that an amount cannot be determined without an accounting of Day’s receipts and expenses related to the music in question.

You can read Corgan’s full complaint here.