ONLINE AUCTION OPEN FOR BIDDING TODAY – JULY 2 Earlier this week, it was revealed Hov is suing famed hip-hop photographer Jonathan Mannion over the use of photos involving the Reasonable Doubt album cover.COMMISSIONED BY JAY-Z, HEIR TO THE THRONE RECONTEXTUALIZES THE ALBUM COVER’S ICONIC PORTRAIT OF THE LEGENDARY ARTIST & ENTREPRENEURĪ PORTION OF AUCTION PROCEEDS TO BENEFIT THE SHAWN CARTER FOUNDATION This is the second Jay-Z-related lawsuit to pop up in the last several days. Though once friends and business partners, Dame and Jay's relationship soured in the mid-2000s, following the sale of the label by Jigga to Def Jam Recordings in 2004. Rappers have been cashing in on the NFT craze recently, which allows a seller to turn an item into a digital collectable with proof of authenticity and can be bought via blockchain.
XXL has reached out to Jay-Z's team comment. The suit is asking the court to stop the sale of the NFT album and also seeks to have Dame turn over any NFTs of the album he's already had minted. The documents allege Jigga's former best bud is "frantically scouting for another venue to make the sale." Roc lawyers believe Dame will try to get another platform to conduct the sale. The court filing claims Dame already set up an auction to sell the album that has since been canceled. The suit claims Dame has no right to do this since the album is owned by Roc-A-Fella Records.
The label's lawyer, Alex Spiro, has filed a suit against Dame, accusing him of trying to mint the critically acclaimed LP as an NFT-non-fungible token-and auction it off for top dollar.
Lawyers for Roc-A-Fella Records are suing Dame Dash to block his attempt to sell Jay-Z's debut album, Reasonable Doubt, as an NFT.ĭame finds himself on the wrong end of a lawsuit levied by lawyers of the record label he helped cofound, XXL has confirmed on Saturday (June 19). "Under the terms of the deal with a potential buyer, the buyer would buy my share of Roc a Fella Records and Jay-Z will have exclusive administration rights," Dame says.ĭame claims the recent lawsuit is an intimidation move to try and prevent him from selling his portion of the company. The Roc-A-Fella cofounder claims Jay tried to buy his stake in the company a few months back, but the offer was "unacceptable." Dame is now reportedly looking for a new investor to buy his one-third ownership in the company. According to TMZ, Dame says he is trying to sell his entire stake in Roc-A-Fella Records, not just an NFT of the Reasonable Doubt album. Jigga's former righthand man has a minority stake in the company and the sale requires majority approval.ĭame Dash is refuting a recent lawsuit that was levied against him by lawyers for Roc-A-Fella Records.
Additionally, Dame cannot sell his one-third share in Roc-A-Fella Records or his share in Hov's debut LP.
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