This week it was reported that Roc-A-Fella Records co-founder, Damon Dash, was in danger of losing his film catalogue after the court ordered sale of his share in Roc-A-Fella failed to cover his mounting debts [click here if you missed that].
Now Dame's jewelry collection could also be headed to the auction block...
From All Hip Hop
Damon Dash, co-founder of Roc-A-Fella Records, continues to face mounting legal issues.
According to documents obtained by AllHipHop, the plaintiffs suing the mogul—director Josh Webber and Muddy Water Pictures LLC—have submitted a request to Judge Robert Lehrburger in the Southern District of New York.
The letter pertains to the enforcement of two outstanding judgments totaling $823,284.71 against Dash. The Plaintiffs seek an order requiring Dash to produce corporate ownership documents related to his businesses—Lebanon Improvements LLC, Ocean East Improvements LLC, 1996 Songs LLC, and Blackroc LLC—and deliver them to the United States Marshal. Additionally, they request a court order for the sale of Dash’s personal jewelry, identified in Exhibit A, at a public auction to satisfy the judgments.
The pieces of jewelry include: one gold necklace, one gold “Dame” necklace, one gold “Dusko” necklace, one gold watch, three gold rings for the hand, two Roc-A-Fella necklaces, one set of diamond earrings and one set of gold earrings. He’s been seen wearing the various pieces of jewelry on social media.
The letter further cites New York legal provisions that allow for enforcement of money judgments against a debtor’s personal property, including corporate shares and transferable assets.
Dash’s ownership interests in businesses and high-value jewelry, as evidenced by social media posts and prior court decisions, are subject to execution and public sale.
The Plaintiffs argue that such sales are legally supported, referencing Dash’s promotion of Roc-A-Fella shares and associated jewelry. They request the court’s assistance in facilitating the execution and sale of these assets to fulfill the outstanding judgment debts.
7 comments:
TAKE IT ALL-HE OWES BACK CHILD SUPPORT & SHOULDN'T HAVE IT STILL ANYWAY!
Take his socks too! 😂
Those old rocks from 25yrs ago have lost their shiny gleam. If they don't have rating papers from a high-end jewelry store (not the corner jeweler) with flawed no air bubbles, he can forget it.
^Perhaps......
Pride before the fall.
Approved 👍🏿
^Cut the Sh*t!
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