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Thursday, February 22, 2024

Judge Orders Dame Dash to Sell Roc-A-Fella Shares


A New York judge has reportedly ordered Dame Dash to sell his shares in Roc-A-Fella to pay a $823,000 judgment to movie producer Josh Weber. 

This comes after Dame sued Weber for defamation and copyright infringement from a dispute over the 2016 film "Dear Frank." Dash was fired as the film's producer, and he claimed that Weber was trying to sell the film independently under the new title, "The List." This led to Dash's lawsuit against Weber, which he ultimately lost and was ordered to pay the six-figure judgment.

While Roc-A-Fella co-founders Jay-Z and Kareem "Biggs" Burke objected to Dame being forced to sell his one-third ownership of Roc-A-Fella, the judge disagreed. U.S. Magistrate Robert W. Lehrburger responded with a 15-page decision, stating that Dash's shares are public property that can be seized to satisfy the judgment. 

Leherburger wrote, "The question at the core of the instant dispute is whether the RAF Bylaws’ prohibition on transfer and sale of Dash’s one-third ownership interest in shares of RAF without the consent of RAF’s board of directors legally prevents the sale of Dash’s interest in RAF to satisfy the Judgment. The answer indisputably is 'no.'" 

He added, "Without jurisdiction to enforce a judgment entered by a federal court, the judicial power would be incomplete and entirely inadequate to the purposes for which it was conferred by the Constitution." 

The judge also stated that Jay-Z and Burke have an equal opportunity to purchase Dash's shares. This comes after Dame Dash told VEUIT TV that Jay-Z offered him a lowball amount for his shares in the past. 

While speaking about trying to sell a "Reasonable Doubt" NFT, Dash stated, "I was offered a certain amount of money for my interest in Roc-A-Fella Inc., which owns ‘Reasonable Doubt,' They offered me like $1.5 million — Jay-Z. And I was like, ‘That’s some disrespectful s***. So, I guess I gotta sell it someplace else.'" 

He added, "I got the lawsuit, 'cause again, I got accused of doing something I didn’t to stop me from doing it, and then everybody just went missing. So I had to deal with the lawsuit on my own." 

In June 2022, the two reached a settlement regarding the NFT, where it was established that Dash is allowed to sell his one-third ownership stake in the label, but he is not allowed to "in any way dispose of any property interest in 'Reasonable Doubt.'"

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