Dame Dash

Last month, Dame Dash was hit with a lawsuit from Roc-A-Fella Records after he attempted to sell an NFT of Jay-Z’s Reasonable Doubt as well as his stake in Roc-A-Fella Records. Dash owns one-third of the company along with Jay-Z and Kareem “Biggs” Burke, which brings some confusion for the lawsuit.

So far, a judge has blocked the NFT of Reasonable Doubt Dash tried to sell and shut down an attempt from him to stop a meeting between Jay-Z and Biggs. While the matter is far from solved, Dash spoke with HipHopDX to share his thoughts on the lawsuit.

“From my perspective, it feels like this was all done to devalue this asset,” Dash said to HipHopDX’s Kyle Eustice. “I just don’t understand why. What’s odd is that they knew I was only trying to sell one-third, but they’re trying to say I tried to sell the whole thing. But we all know that that’s not the case, so why do they keep saying it? The question is, why is it such a big deal? Why is everyone so scared for me to sell my one-third?”

Dash then addressed Biggs and Jay directly. “Honestly, I think this is corny,” he added. “If there’s an issue, just call me. Why do I have to hear it? Why do I have to get sued? Biggs, Jay, call me and tell me what the play is but if you swing on me, I’m going to have to swing back. And when I say that, I’m saying now that I’m looking under the hood, it looks crazy, but I just do believe that I don’t need all of this.”

He then spoke about an issue he recently discovered with Reasonable Doubt.

“And then insult to injury, just very oddly, we look at Spotify and we see that it says ‘Copyright owned by S. Carter,’” Dash says. “And we’re like, ‘The copyright is owned by Roc-A-Fella, Inc.’ I’m looking at the ledgers and they’re not showing anything that reflects income from any streaming service. So where does that go? I just want to know who authorized that. That’s all I want to know.”

He then revealed that he was offered $1.5 million from the co-founders for his stake in Roc-A-Fella before adding:

When they offered me the 1.5, I was like, “Let me see the books. Let me see how much it’s making.” When I looked at the ledgers, I was like, “Yo, I don’t see any income coming from streaming services.” And then I look on the streaming services and it’s on the streaming service. I don’t remember authorizing any of that. So we’re sitting here thinking, “What’s the long game here? Why f*ck with me?” If I want to sell my third, then you don’t have to be my partner. What’s the problem? You’re making shit up. Why not call me?

You can read the full interview between Dash and HipHopDX here.

The drama between a pair of Roc-A-Fella Records co-founders continues as a judge delivered a new ruling this past week. The label was created more than 25 years ago by Jay-Z, Dame Dash, and Kareem “Biggs” Burke, but recently, Dash sought to sell his one-third stake in the company, a move that Jay-Z is reportedly trying to stop. According to TMZ, Dash recently learned about a meeting that was set to take place between Jay-Z and Burke on Friday and quickly sought to have the meeting stopped by a judge. Unfortunately for Dash, the judge denied his request and told him to file a lawsuit at a later date if he was not pleased with the outcome of the meeting.

This comes less than a month after a judge blocked Dash’s attempt to sell an NFT of Jay-Z’s debut album, Reasonable Doubt. According to The Hollywood Reporter, U.S. District Court Judge John Cronan signed off on a temporary restraining order to the label. Dash denies trying to auction an NFT of Reasonable Doubt, but his partner in the business move, SuperFarm, announced the auction “of Damon‘s ownership of the copyright to Jay-Z’s first album Reasonable Doubt. This marks a new milestone in the history of NFT’s, entitling the new owner to future revenue generated by the unique asset.”

As for Dash’s attempt to sell his one-third stake in Roc-A-Fella, he claims that Jay-Z offered to buy his portion of the label back in March, but it was at “a price I deemed unacceptable.” As a result, Dash was left to find a more suitable buyer for his Roc-A-Fella stake.