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Dame Dash Has Two “Prominent” NYC Rappers Interested In His Roc-A-Fella Shares

March 9, 2024 by newhiphopnews

Earlier today, attorney Christopher Brown shared a statement regarding the sale of Dame Dash’s Roc-A-Fella Records shares. He clarified that the music executive himself has no control over the sale, also telling those trying to purchase them directly through Dame that they’re “barking up the wrong tree.” The lawyer then revealed that there are currently various interested buyers, though he didn’t name names.

“Mr. Dash did not create this auction and is simply a judgment debtor along for the ride,” his statement reads. “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 and Mr. Dash has a judgment against him in the case of Bunn v. Dash, 20-07389 for $30,000.00 pending in California. This too will be added.”

Attorney Claims Dame Dash Has No Control Over The Sale

Dame Dash’s Roc-A-Fella shares being eyed by “2 prominent New York rappers,” says lawyer pic.twitter.com/Q5UdtbCBsx

— HipHopDX (@HipHopDX) March 8, 2024

“Buyer Beware when it comes to Damon Dash. My office and the United States Marshal are in control of this process. With that being said, I am negotiating with various entities to sell the judgments that are the focal point of the auction. The parties seeking to purchase the judgments fully intend to complete the auction process,” he also adds. “My team/clients has heard from two prominent New York rappers, however, the present leading candidates to purchase the judgments are World One TV and another network, and both networks are willing to pay an amount in excess of the judgments, understanding the value of this once in a lifetime opportunity.”

Fans suspect that the rappers interested in Dame’s shares could be Cam’ron and Mase, as sources have claimed since February. What do you think of attorney Christopher Brown claiming that two prominent New York rappers are looking to buy Dame Dash’s Roc-A-Fella shares? Who do you think they could be? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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Jay-Z Protects Dame Dash From Having To Sell His Roc-A-Fella Shares

February 23, 2024 by newhiphopnews

Despite all that Jay-Z and Dame Dash have allegedly went through in the fallout of Roc-A-Fella, it looks like there’s still enough there for them to defend each other. For those unaware, according to legal documents reportedly obtained by AllHipHop, the latter might have to give up his shares in the Roc to pay off a debt to film producer Josh Webber and Muddy Waters Pictures. They sued the music executive in 2022, and to collect their $832,000 judgement, they want to go after his stake in the record company. But Hov and the label’s third co-founder Kareem “Biggs” Burke stepped in to prevent these shares from selling out.

Before getting into that, it’s important to bring things back to 2016, when Dame Dash was fired as the director of Webber’s crime thriller flick, Dear Frank. He was allegedly unfit for the directorial role, being verbally abusive to staff and showing up to set high. The 52-year-old thought Webber tried “to take credit for a Black man’s work” and attempted to sell his original directorial vision of the film independently under another title, The List. Webber and Muddy Waters Pictures sued for copyright infringement and defamation, and received a 2022 judgement, but Dash still hasn’t complied with this order at press time.

Dame Dash At “The Prince Of Detroit” Premiere

<a href= — DETROIT, MICHIGAN – JUNE 23: Entrepreneur/Director Damon Dash arrives at “The Prince Of Detroit” Detroit Premiere at Detroit Music Hall on June 23, 2023 in Detroit, Michigan. (Photo by Monica Morgan/Getty Images)

Now, Jay-Z and Kareem “Biggs” Burke objected to this judgement’s collection, and argued that Roc-A-Fella’s bylaws call for the full board to approve of any significant sell-offs like this. U.S. Magistrate Judge Robert W. Lehrburger criticized that this decision finalized at a 2021 board meeting in which Dame Dash was not present and didn’t vote for it. Regardless, the court ordered the Roc to make his stock certification available to the U.S. Marshal’s Service within 180 days.

“The question at the core of the instant dispute is whether the Roc-A-Fella By Laws’ prohibition on transfer and sale of Dash’s one-third ownership interest in shares of RAF without the consent of RAF’s board of directors legally prevents the sale of Dash’s interest in RAF to satisfy the Judgment,” Leherburger questioned. “The answer indisputably is no.” Hov and Burke still has equal opportunity to buy the shares, and Webber’s last attempt to collect the judgement was on Februrary 13. Meanwhile, for more news and the latest updates on Dame Dash and Jay-Z, stick around on HNHH.

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Dame Dash Will Have To Sell His Remaining Roc-A-Fella Records Shares To Pay Off Debt

February 22, 2024 by newhiphopnews

In recent years, Dame Dash has made it a point to seemingly bring up the history of Roc-A-Fella record as often as possible. He appeared on numerous shows discussing notable moments in the labels history, sometimes drawing controversy for doing so. Numerous times he’s made claims that contradict previously understood stories and has even had some of the principle actors involved in his tales come out and correct him publicly. But now his last remaining monetary ties to Roc-A-Fella may be gone soon.

Dame has been fighting an unrelated copyright infringement case for a few years now. He reportedly tried to shop around a crime thriller without the partner who helped him write and conceptualize it. The resulting case ruled against Dame but he never paid up. Now in an attempt to get the money he owes from him, a judge is having Dame sell his remaining Roc-A-Fella records shares. The move wouldn’t just cost him quite a bit of money but also his vote in intellectual property matters relating to the Roc-A-Fella catalog. They’ve been ordered to turn over his shares within 180 days.

Dame Dash Forced To Sell Roc-A-Fella Shares

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The news that Dame Dash may have to give up his Roc-A-Fella shares first broke in September of last year. At the time it was unclear just how likely the scenario was. The legal process for securing payment has been pretty slow going. The original judgement came down in 2023. But the payment could potentially be delayed even further if Roc-A-Fella can find a way to avoid selling the shares in the next 180 days.

Dame is also strapped with trying to pay child support. He recently asked for his payments to be lowered and even claimed he made just $5000 in 2022. What do you think of Dame Dash being forced to sell his Roc-A-Fella shares to pay off his debts? Do you think he will find a way around having to make the sale? Let us know in the comment section below.

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