If you didn’t know, JAY-Z and Dame Dash are in the middle of a legal battle. It all began when Dame Dash attempted to sell his stake in Roc-A-Fella. It started be reported as Dash intended to sell JAY’s debut album Reasonable Doubt as an NFT. JAY-Z quickly sued Dame and a judge prohibiting any potential sale of Reasonable Doubt as a non-fungible token.
Dame made a statement saying he was simply looking to sell his stake in the company. He claimed that JAY-Z offered to buy his share for an unacceptable price. In an interview with Rolling Stone he said, “When another black man calls another black man a thief, just to make him look bad, and so that they can devalue an asset that that other man owns, just because he won’t sell it to him at a low price. I don’t think the culture needs that.” Dame also said, “I just think it’s disappointing to also have a white lawyer calling me a thief on Juneteenth.”
Dame maintains his right to sell his third of the company. This would make JAY-Z retaining exclusive administration rights over the new owner. According to The Hollywood Reporter Dame is accusing JAY-Z of illicitly transferring the streaming rights of Reasonable Doubt to himself. Dame claims that JAY moved the rights of the album from Roc-A-Fella to S. Carter Enterprises. A move that was made without any proper authorization. New court documents says that Dash is “claiming unjust enrichment, breach of fiduciary duty, replevin and conversion,” as well as one million in damages.
The story is getting deeper by the day. We will keep you updated as the story continues to unfold.