Bidding War Erupts Over Damon Dash Roc-A-Fella Shares Sell Off

Last month Damon Dash was ordered to sell his shares in Roc-A-Fella Records after failing to pay an $84k defamation of character judgement awarded to his former partners on a movie deal gone wrong [click here if you missed that]. 

Now two unnamed prominent rappers from New York have added their bids to the auction....

From Radar Online

Two "prominent" rappers hailing from New York have expressed their desire to buy the interest that Damon Dash has in Roc-A-Fella Records after the record exec was ordered to sell his shares for allegedly refusing to pay a hefty judgment, RadarOnline.com has exclusively learned.

Despite pushback from Jay Z who objected to the auction along with Roc-A-Fella Records co-owner Kareem "Biggs" Burke, the judge determined that Dash's one-third ownership of the famed record label is personal property that can be seized.

Attorney Chris Brown tells us that Dash "no control over the auction process" and those reaching out to [Dash] personally with the hopes of purchasing the shares "need to know they are barking up the wrong tree" as Dash did not create the auction and is "simply a judgment debtor along for the ride."

"I was recently informed that the Office of Child Support Services (New York City has added a lien to the auction in the amount of $123,562.37 for unpaid child support," Brown shared, adding that Dash is also facing a judgment in another case for $30k pending in California. "This too will be added," he stated. "Buyer beware when it comes to Damon Dash."

Brown explained that his office and the U.S. Marshal are in control of this process, and RadarOnline.com has learned the attorney is negotiating with "various entities to sell the judgments that are the focal point of the auction."

Brown said his team has heard from two NY rappers who fully intend to complete the auction process, but the "present leading candidates to purchase the judgements are World One TV and another network." He stated that both are willing to pay "an amount in excess of the judgments, understanding the value of this once in a lifetime opportunity."