Two years ago Roc-A-Fella Records co-founder Damon Dash was ordered to pay $800,000.00 to the Muddy Waters filmmaking group, after they successfully sued him for copyright infringement and defamation of character after their partnership turned sour [click here if you missed that].
Now Dame has been ordered to liquidate his shares in Roc-A-Fella Records to satisfy the judgement...
From Radar Online
Embattled music exec Damon Dash was ordered to sell his shares of Roc-A-Fella Records, despite objections from co-owner Jay-Z, RadarOnline.com has learned.
The New York judge issued the damning verdict after Dash allegedly refused to pay a $823k judgment to movie producer Josh Weber, who successfully sued him for defamation and copyright infringement following a dispute over the 2016 film Dear Frank.
Beyonce’s husband along with co-owner Kareem "Biggs" Burke objected to the auction, claiming the company bylaws mandate that the board of directors must first approve the sell-off.
But in a 15-page decision, U.S. Magistrate Robert W. Lehrburger shut down the claim and ruled Dash’s one-third ownership of the Roc-A-Fella is personal property that can be seized to satisfy a judgment.
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