Damon Dash Officially Loses Legal Team

Last month attorneys for Damon Dash filed a motion to withdraw from his $50 million defamation of character lawsuit after Dame stopped paying his bills [click here if you missed that].

The motion has been granted and Dame is officially without representation...

Damon Dash Talks Selling Shares in Roc-A-Fella

Over the weekend it was reported that two prominent New York rappers were placing bids on Damon Dash's shares in Roc-A-Fella Records, after he was forced to sell his interests in the company to satisfy legal judgments awarded against him [click here if you missed that]. 

Dame talks openly about the sale and calls out his former Roc-A-Fella partners Kareem 'Biggs' Burke and Jay Z for shutting down the auction when he tried to sell his shares three years ago...

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....

Damon Dash Slams Steve Stoute Over Jay Z Revelations

This week music exec Steve Stoute sat down with Shannon Sharpe on the Club Shay Shay podcast claiming Damon Dash and Jay Z's friendship and working relationship turned sour, because Dame is immature and doesn't know how to treat people.

And Dame says that's why he smacked Steve a few years ago, because he's always speaking on other men's business...

Damon Dash Ordered to Sell Roc-A-Fella Records Shares

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...

Damon Dash Claims Jay Z was Bitter that Aaliyah Fell for Him

In a recent interview Roc-a-Fella Records co-founder Damon Dash admits his then partner Jay Z was bitter after he won the heart of the late pop star Aaliyah, although both of them were trying to date her...

Make Another Hov

Damon Dash's son Boogie DJ'd on New Year's Eve at club Plumm in NY and told the crowd that he'd just finished an album called "Heir$ to the Throne" with his new group the Heir$.

Roc-A-Fella Expose'

Next year former Roc-A-Fella employee Choke No Joke is filming a documetary dishing all the dirty details on why Damon Dash and Jay Z fell out and the fall of the Roc-A-Fella empire. Choke says it all started after Dame signed Ol' Dirty Bastard and then tried to make Cam'ron The Roc's vice president. Joke says, "Jay wasn't feeling none of that shit." He also claims Dash let fame go to his head saying, "Dame' was a camera freak. He loved people to tape him, 'cause he started thinking he was a star . . . Ever since the 'Big Pimpin' ' video, he started gettin' a little light and it started to get to his head."

Damon Dash Liquidating Assets

Last month Damon Dash sold his four bedroom, seven bathroom Spanish style villa in Los Angeles for $3.6 million. Now we hear his three-bedroom, 2,900-square-foot apartment at the Sugar Warehouse, 79 Laight St. in New York is on the market for $3.5 million.

Tale Of The Tape

Yesterday The Post did a piece on Damon Dash and his holdings. They didn't paint a very rosey picture, but I was still impressed. Anyway, they said he's struggling to remake his empire a year and a half after splitting with Jay-Z. They broke it down saying, Dame's CEO clothing line has yet to take off, his reality TV show "Ultimate Hustler" aired for one season and bombed in the ratings, his foray into Hollywood with the movies "State Property" and "The Woodsman" did not produced box office hits, though DVD sales fared better. Plus they say Dame pulled the plug on his State Property sportswear line and fledgling record label Damon Dash Music Group. They also said, while the line of designer clothing by his wife Rachel Roy has garnered critical acclaim, and a higher profile after Roy appeared on "Oprah," it has yet to turn a profit, and that Dash's biggest win so far has been Pro-Keds, a sneaker brand he licensed from Stride Rite in 2004 and which, according to industry estimates, has more than doubled sales in the past year to exceed $22 million.

Anyway, it started a little debate on my favorite message board and reavealed some things about Jay Z that I didn't know.

The first person was like:

….Dash needed and needs Jay period.

Then this other one said:

…..Jay is an employee. Jay didn't own Roc-A-Wear, doesn't own the 40/40 Club but he is good at endorsing products. It's a whole lot different when you're the entrepreneur as Dame is.

So then this anonymous poster said:

….Listen ***** or Dame Dash intern, U are dealing with smart folks here, ok.
1. Jay Z owns 50% of 40/40 brand ( NY, NJ, LA, Vegas, Singapore, Tokyo)
2. Jay Z owned 50% of Rocawear (25% + Dame Dash's 25% which he bought in 2005)
3. Jay Z owns Spotted Pig restaurant and he also bought the building.
4. Jay Z owns a portion of NJ Nets
5. Jay Z owns 50% of Rocafella records
6. Jay Z owns 50% of the company that manufactures Rocawear todate
7. Jay Z is paid $2 million per yr as Rocawear CEO
8. Jay Z is paid $3.3 million per yr as CEO of Def Jam
9. Jay Z owns part of Steve Stoute Translation company
10. Jay Z owns a part of Carol's Daughter
11. Jay Z owns his publishing ( This brings a ton every yr)
On top of all that he gets money from RBK, Coke, Budweiser, HP, PoloNow that article about Dame Dash explained clearly that Dash has no venture making money period. He gets just a little licensing money from Pro Keds but that is it. How can U be a businessman and fail this much while Jay who U want us to believe is not a businessman succeed in so many ventures??

Then just to be funny they added:

We don't believe U, U need more people.

Damon Dash Suing His Accountants

Seems like Damon Dash just can't catch a break. Dame just filed a lawsuit against his accountant for 3.5 million dollars. Dame accuses his money man of incorrect filing of his tax returns and not telling him how much money he made after the sale of one of his companies.


(NY Daily News)

Where Day Day?

Damon Dash been awfully quiet lately. I thought for sure he would have said something about the Rocawear sale by now.

Don't Know If It's True, But Guess What I Heard About...

The Rocawear deal.....

Jay Z Sells Rocawear Clothing Line For $204 Million In Cash

Rapper/mogul Shawn "Jay Z" Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

(All Hip Hop)

Bootleg Video For Jay Z Lost Ones

Jim Jones Uses Jay Z for Album Promo

Poster and Pictures from Jim Jones' CD release party

Nas' Ex Details Relationship with Jay Z

"Carm, is he talking about you...?"

Jay Z Says He Out Grew Damon Dash

Jay Z finally speaks about his break up with Damon

Dash and Roc A Fella Records.

What a shrewd business man Jay is. He decides to talk

just in time for his new cd release. LL Cool J said J

was good at promoting J, and about that diss L slung at J.

Jay wants to know what else he could have done

to promote LL's cd. He said he gave him two videos, what

else did he want?

Anyway,

About Damon Dash and Roc A Fella

Jay says, he was offered 20 million to leave Roc A Fella two

years before he actually did it. Ultimately, he says the partnership just

wasn't what it once was, and talks about it on his new cut Lost Ones.

Listen to it here.

Whatever. I don't see Jay and Dame making up any time soon.

(NY Daily / Bossip)