The 'Empire State of Mind' rapper, along with Kareem "Biggs" Burke, objected to Dame having to sell his shares in an auction because the board of directors must first approve the sell-off.
- Feb 24, 2024
AceShowbiz -
Jay-Z has inserted himself in Dame Dash's legal issue. The "Empire State of Mind" hitmaker reportedly took issue with a court's order instructing his former business partner to sell his Roc-A-Fella shares.
Hov, along with Kareem "Biggs" Burke, objected to Dame having to sell his shares in an auction because the board of directors must first approve the sell-off. However, U.S. Magistrate Robert W. Lehrburger ruled that Dame's one-third ownership of Roc-A-Fella can be taken to help cover the judgment since it is his personal property.
In his 15-page decision, Lehrburger blasted Jay and Biggs for creating a no sell-off clause during a 2021 board meeting that Dame did not attend or vote for. He ordered Roc-A-Fella to deliver Dame's stock certificate to the U.S. Marshals Service for an auction in 180 days.
RJay and Biggs’ main objection is less about siding with Dame, however, and stems from concerns that an outsider can purchase the intellectual rights of Roc-A-Fella. To address the issue, Lehrburger said, “They can participate in the auction and place the winning bid.”
As previously reported, Dame Dash was sued for copyright infringement and defamation over the Dear Frank film in 2019. Although he was originally asked to direct the movie in 2016, he was ultimately removed from the project after he was deemed unfit for the job.
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