Mobile Fidelity Sound Lab has been a top audiophile label since its 1977 founding and 2001 reboot after Jim Davis, president of the high-end audio equipment company Music Direct, bought it out of bankruptcy. But the label was hit with controversy almost three years ago with the revelation that it included a digital step in the production chain of albums sourced from original master tapes. Davis issued an apology for “using vague language, allowing false narratives to propagate and for taking for granted” customers’ goodwill and trust, and the company settled a class action lawsuit for $25 million. Speaking inside Music Direct’s Chicago headquarters, Davis weighs the lawsuit’s impact on the company and whether it was more about listening or price speculating. He explains the use of a high-resolution digital step and why it results in superior audio quality. He also discusses the significance of MoFi’s new SuperVinyl formulation and Fidelity Record Pressing plant.