MOG founder David Hyman has reportedly sued Beats Electronics for more than $20 million over unfair dismissal.

Hyman claims that he was fired from the company in 2012 to avoid an equity payout worth 2.5%. The payout was part of an incentive plan based on the duration of his employment, according to Billboard.

1% is said to be due to arrive on Hyman’s anniversary as CEO. His LinkedIn profile says he was employed by Beats for seven months from ...