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.
6 comments:
I don't much about him since I don't keep up with his broke affairs. Will he get any of that money or will it go out to all the ppl he owes? Does anyone know?
It’s weird that they can for him to liquidate his stocks. Can’t he file for bankruptcy to avoid paying that?
*force him *
That means as of now no one put a bid in and maybe Dame needs to not try to get into pockets of Jay z because he don’t need to bid anyway it will revert back to him in 2031
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No he can’t file bankruptcy! Ask Tasha k . We gotta stop thinking we can wiggle and finesse out of shyt.
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