Now, it looks like the ball is in Dame Dash’s court on whether he chooses to sell his share or hold on to a piece of the legendary Hip-Hop label that he helped to co-create alongside Jay-Z. He like variety, and he collects colorful footwear, which he buys in big quantities each month. from selling, assigning, pledging, encumbering, contracting with regard to, or in any way disposing of their one-third (1/3rd) ownership interest in RAF, Inc.,” the agreement reads. Dame Dash has a 2 million projected net worth as of August 2023, and he is quite quick with his money. “Nothing in this Judgment shall prevent any shareholder or member of RAF, Inc. If he was attempting to only sell his ownership stake in Roc-A-Fella, he is still allowed to do so, per the latest agreement. “They accused me of doing something i did not do and now they have to prove it…and i can sell my share anytime I want #askthejudge and #jayz and if you wanna settle this holla at me…we use to hustle together…court is corny…let’s talk like men for the culture…I dare y’all to respond #doitfortheculture.” Moving Forward “Please don’t believe this hype we are no where near a settlement,” he wrote. Just days after the initial lawsuit was filed, Dash claimed that the suit was inaccurate and that he was only attempting to sell his share of Roc-A-Fella, not the “Reasonable Doubt” album that the legal paperwork alluded to.įurthermore, he says that Jay-Z reportedly attempted to buy his share in Roc-A-Fella for “a price I deemed unacceptable,” and took to social media to express his grievances against the lawsuit that was at hand. The suit alleges that the former business partner of Jay-Z had intentions of selling the NFT at an auction that was ultimately canceled. This news comes roughly one year following the lawsuit that was filed against Dash after he attempted to mint and sell the album as an NFT. Per the agreement, Dash is allowed to sell his one-third ownership stake in Roc-A-Fella, but he is not allowed to “in any way dispose of any property interest in ‘Reasonable Doubt.'” However, it is now said to be a done deal. The LawsuitĪs previously reported by AfroTech, Dash disputed claims of the settlement in the past. may alter in any way, sell, assign, pledge, encumber, contract with regard to, or in any way dispose of any property interest in ‘Reasonable Doubt,’ including its copyright and including through any means such as auctioning a non-fungible token reflecting, referring, or directing to such interest,” said legal documents from the case. Jurors also gave the filmmaker another $250,000 in punitive damages.“Unless duly authorized by RAF, Inc., no shareholder or member of RAF, Inc. The jury awarded $30,000 to Muddy Water Pictures for copyright infringement and another $125,000 in punitive damages, while Webber received $400,000 in compensatory damages for defamation. Their love story grew from a budding friendship when the two met through Dash's accountant in 1999. However, the New York native argued that they shot the film at his home using all of his equipment then stole the footage to do the movie without him, but the court was not on his side and ordered him to pay $805,000. Damon Dash and late musical legend Aaliyah were once R&B's 'it' couple in the early 2000s. The film was eventually completed without the executive. The outlet reported that the businessman often would come to set under the influence while shooting the movie at his Sherman Oaks property. The 50-year-old also reportedly was dropped from the movie in 2018, after his collaborators no longer saw him fit for the role of director. (Photo by Stefanie Keenan/Getty Images for Damon Dash Studios) Color version not available.) Damon Dash attends Damon Dash Celebrates the Launch of Dame Dash Studios at DDS33 on Apin Burbank, California. Dame Dash’s legal issues don’t appear to be simmering down anytime soon after the Roc-A-Fella Records co-founder took a colossal hit in court this week when filmmaker Josh Webber and Muddy Water Pictures accused the music executive of copyright infringement and defamation in a lawsuit pertaining to a movie titled “Dear Frank.” Now Dame has been ordered to cough up over half a million dollars.Īccording to legal documents obtained by TMZ, the two entities responsible for the film, described as a comedy, drama, and thriller, sued Dame in 2016, claiming he tried to shop and advertise the project as his own to networks such as BET under a changed title: “The List.” BURBANK, CA – APRIL 03: (EDITORS NOTE: Image has been shot in black and white.
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