Seven years ago Parlux cologne company filed a lawsuit against Jay Z accusing him of breach of contract for failing to promote "Gold Jay Z" cologne as promised [click here if you missed that].
Welp, Parlux has been ordered to cough up $7 million....
From Yahoo News
Jay-Z scored a win over Parlux in court over his failed perfume brand. According to Billboard, a New York state appeals court found that Mr. Carter is owed $6.8 million in unpaid royalties for “Gold Jay-Z” cologne. Hov’s win arrived just a year after the Manhattan Supreme Court Justice demanded Parlux dish out almost $7 million plus earned interest to the rapper after they sued him for breach of contract.
Parlux’s arguments that the icon “ghosted” his perfume brand and contractual obligations, and that the court should have “set aside the verdict” and ordered a new trial have all been rejected by the court.
The judge panel spoke about their decision to uphold the August 2022 verdict that Parlux — not Shawn Carter — owed money. “There were multiple rational bases for upholding the jury verdict, and plaintiffs have not set forth a sufficient basis to overturn it,” a five-judge panel ruled.
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