Three weeks ago the date was set for the auction of Roc-A-Fella Records co-founder Damon Dash's interest in the company after losing a series of legal battles [click here if you missed that].
Now the auction date has been postponed...
From All Hip Hop
A New York judge delayed the auction for Dame Dash’s stake in Roc-A-Fella Records on Tuesday (August 27). The auction was previously scheduled for Thursday (August 29).
Dash owed money to multiple parties, who asked for more time to conduct the auction. Judge Robert Lehbruger granted the request, per court documents obtained by AllHipHop. The judge extended the timeline to September 21.
The Roc-A-Fella auction stemmed from Dash losing a lawsuit to director Josh Webber. Dash owed more than $800,000 to Webber. New York City, the New York State Department of Taxation and Finance and photographer Monique Bunn joined in Webber’s efforts to collect debts from Dash.
Webber, his lawyer Christopher Brown and the other parties agreed on the distribution of funds from Dash’s Roc-A-Fella stake on Monday (August 26).
They also set a new minimum bid of $3 million.
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