Earlier this month news leaked that Jay Z was suing Barcardi to get out of his D'Ussé cognac deal [click here if you missed that].
Barcardi has fired back...
From TMZ
Bacardi's subsidiary, Empire Investments, responded to Jay's lawsuit, and in the docs it says both parties actually had a "handshake deal" last December ... in which Empire agreed to buy Jay's 50 percent stake in the cognac line.
But the company alleges Jay "abruptly reneged on its agreement and doubled its demanded valuation."
In the new docs, Empire/Bacardi doesn't say what, if any, price they'd agreed upon when they made the handshake deal -- much of the document is redacted as we're guessing neither side wants any valuation of D'Ussé to be made public at this point.
As for his demand for his partners to open up the books ... the company says it already handed him more than 800 pages of financial records, and says any further documents he wants are not for his eyes, because they involve Bacardi data ... which they see as entirely separate from the D'ussé venture.
