According to TMZ, FIVE FINGER DEATH PUNCH has filed a new lawsuit against its longtime record label Prospect Park, calling the company a "sinking ship" which is drowning in debt.Saying FIVE FINGER DEATH PUNCH is probably the only profitable band on the Prospect Park roster, the band has accused the label of "cooking up a bogus lawsuit last year to keep the band recording ... while it shopped the label," according to the tabloid site. FIVE FINGER DEATH PUNCH wants a judge to release them from their contract with Prospect Park, and to order the label to more than a million dollars in damages. Prospect Park tells TMZ the real issue is the band still hasn't delivered the album "required under the recording contract and expected by their fans." The label sued FIVE FINGER DEATH PUNCH a year ago for breach of contract, alleging that the group wanted to rush the recording of a new album without proper creative input from the label and in order to "cash in" before the anticipated "downfall" of singer Ivan Moody, who was revealed at the time to be in rehab. In addition, Prospect Park wanted more time to promote 2015's "Got Your Six" release, and asked the band to provide just two new songs for a greatest-hits collection in the interim. But the group allegedly rejected that plan, insisting instead on recording a new full-length album. According to Prospect Park's original lawsuit, FIVE FINGER DEATH PUNCH's four-album contract prohibits the band from beginning to record a new effort until at least nine months have passed since the release of the previous one. The label said in its lawsuit that it wants to "prevent the band from disregarding the health and safety of a bandmate and destroying itself." In addition to its concern over Moody's well-being, the label alleged in the suit that "radio has told Prospect Park that the 'sound' of FFDP is getting stale, requiring greater creative input" in the recording of its next album. In May 2016, FIVE FINGER DEATH PUNCH announced it had signed a new North American recording deal with the BMG-owned rock label Rise Records.
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