Justin Timberlake you dirt dog. The partial investor of the newly remodeled Myspace is probably searching for a new financial advisor after it was reported in the New York Times that the site has been illegally hosting thousands of songs without the permission of those artists. 

Merlin, the group responsible for negotiating digital deals on behalf of music companies around the world is claiming that when contract negotiations between Myspace and independent labels failed in 2011, Myspace was supposed to cease using those songs. It has not. And Merlin and friends aren't happy. 

The new Myspace boasts it has the largest online library at 50 million songs, and even Mr. Timberlake himself used the site for the exclusive release of his new song "Suit & Tie." In response to the allegations, Myspace said that any song on the site illegally was uploaded by a user and will be removed if requested. It sounds like a request is coming.

“While it’s nice that Mr. Timberlake is launching his service on this platform, and acting as an advocate for the platform,” Mr. Caldas said, “on the other hand his peers as artists are being exploited without permission and not getting remuneration for it.”