Two years ago Roc-A-Fella Records co-founder Damon Dash was ordered to pay $800,000.00 to the Muddy Waters filmmaking group, after they successfully sued him for copyright infringement and defamation of character after their partnership turned sour [click here if you missed that].
Now Dame has been ordered to liquidate his shares in Roc-A-Fella Records to satisfy the judgement...
From Radar Online
Embattled music exec Damon Dash was ordered to sell his shares of Roc-A-Fella Records, despite objections from co-owner Jay-Z, RadarOnline.com has learned.
The New York judge issued the damning verdict after Dash allegedly refused to pay a $823k judgment to movie producer Josh Weber, who successfully sued him for defamation and copyright infringement following a dispute over the 2016 film Dear Frank.
Beyonce’s husband along with co-owner Kareem "Biggs" Burke objected to the auction, claiming the company bylaws mandate that the board of directors must first approve the sell-off.
But in a 15-page decision, U.S. Magistrate Robert W. Lehrburger shut down the claim and ruled Dash’s one-third ownership of the Roc-A-Fella is personal property that can be seized to satisfy a judgment.
10 comments:
Damn Dame. You lost it all including Aaliyah.
This is interesting cause a while ago he explained that it was his and if he wanted it sold that jay should have nothing to do w that and now he’s being told to do it to pay off debt so yes it’s crazy cause he wanted to sell it all this time and now HE HAS TO. Well he was always an arrogant a hole and to hell with him and J. F them all…
Hmm, would jayz want to purchase them even though he doesn’t need them to still hold his power?
Probably not throwing out his socks after only one wear anymore.
No one will ever forget the infamous MTV Cribs episode where he bragged about never wearing the same socks twice and how he throws them away after one wear. The tides started turning against him and haven't stopped. Karma slowly got around to his arrogant a$s.
Here this hi go deleting comments
IKR. Silly ho averaging less than 10 comments and still deleting. Dumb for no reason.
He better send a warning shot Jay's way.
Btw whatever happened with Christian Keys, did he ever spill the tea???
916, you’re right I really don’t get it so what’s the point of having a comment section
Sometimes I refresh and the comments Appear again.
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