105.1 The Bounce

Dame Dash Ordered To Sell ‘Roc-A-Fella’ Shares

Dame Dash has been ordered to sell his last Roc-A-Fella shares after failing to pay a $823,000 judgment. According to legal documents obtained by XXL, on Feb. 13, a judge issued an order mandating Dame Dash to sell his stake in Roc-a-Fella Records to pay off his debt for a lawsuit. What Is The Lawsuit About? Dash is getting sued by a film producer for defamation and copyright infringement. Josh Webber, is suing the rap mogul over the 2019 film Dear Frank. In 2022, Dash lost the lawsuit, and he was ordered to pay $705,400 plus $117,884.71 in legal fees. Since Dash has not paid the amount due, Webber has requested that his assets be used in order to pay for the damages. Dash wrote on Instagram back in 2022, "You have to lose some battles to win a war….stay tuned #fatliars #youllneverbeme. Don’t ever say you Directed MY movie." https://www.instagram.com/p/CbvxgjPJZyI/? How Do Jay-Z and Kareem "Biggs" Burke Feel About The Sale? Co-founders Jay-Z and Kareem "Biggs" Burke, are not in favor of the sale of the shares, legal documents state. Jay tried to buy Dash's shares back in 2021, but he was offended by the offer. "When I was offered a certain amount of money for my interest in Roc-A-Fella Inc., which owns Reasonable Doubt, they offered me, like, a million and a half dollars—Jay-Z. And I was like, 'That’s some disrespectful s---,'" he said during a 2023 interview with VEUIT. "So, I guess I have to sell it someplace else.'" Dash also tried to sell Reasonable Doubt -- Jay-Z's 1996 debut album --  but that was also shot down. The company said that he simply can't sell what he doesn't own despite being a founder of the label. "He planned to auction of Reasonable Doubt would result in irreparable harm," the record company said in a statement to Rolling Stone at the time. The Court should stop Dash from attempting to sell the copyright to Reasonable Doubt, require Dash to return the NFT of Reasonable Doubt to RAF, Inc., and hold him accountable for this brazen theft of RAF, Inc.’s most prized asset.” "Roc-A-Fella was given 180 days to deliver Dash’s stock certification to the U.S. Marshal’s Service, which will sell the shares at a public auction," the legal documents state. [select-listicle listicle_id="628079" syndication_name="jay-z-the-businesses-that-made-his-billion-dollar-empire" description="no"]

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