Dame Dash Denies Being Close to Settlement with JAY-Z Over ‘Reasonable Doubt’
Dame Dash denies that he and JAY-Z have reached a breakthrough in an NFT legal battle over JAY-Z’s 1996 debut album Reasonable Doubt.
It appears that beef between former Roc-A-Fella Records business partners Dame Dash and JAY-Z is far from over. On Wednesday, it seemed that the two met a conclusion pertaining to JAY-Z suing Dash over an alleged NFT auction of his 1996 debut album Reasonable Doubt. A day after alleged settlement talks, Dash went to Instagram to clear up the rumors.
“Please don’t believe this hype we are no where near a settlement,” Dash wrote in a post which feature a screenshot of an article on alleged settlement talks. “They accused me of doing something i did not do and now they have to prove it…and i can sell my share anytime I want #askthejudge.”
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Dash also urged JAY-Z and Roc-A-Fella Records co-founder Kareem “Bigs” Burke to settle the out of court and daring them to respond.
“#jayz and @biggsburke if you wanna settle this holla at me,” he added. “we use to hustle together…court is corny…let’s talk like men for the culture… I dare y’all to respond #doitfortheculture.”
In June 2021, JAY-Z and his lawyer Alex Spiro filed a lawsuit against Dash, accusing him of attempting to auction an NFT version of Reasonable Doubt without permission. While the auction never occurred, the lawsuit alleged that Dash was “frantically scouting for another venue to make the sale.” After the lawsuit was filed, a judge temporarily prohibited Dash from minting Reasonable Doubt as an NFT.
Denying the allegations, Dash claimed that he was attempting to sell his one-third stake of the now-disbanded Roc-A-Fella Records. He also countersued JAY-Z and the former label for $1 million, claiming that Hov was wrongfully claiming streaming rights to Reasonable Doubt for himself.
Prior to Dash’s Instagram post, on Tuesday, Spiro said that JAY-Z and Dash were “in the process of meeting and conferring to determine whether they can reach a settlement agreement that would resolve this case.”
If a settlement isn’t reached, Spiro said that Hov will file a separate motion barring Dash from selling any portion of Reasonable Doubt.
JAY-Z and Damon Dash might not see eye-to-eye on things these days, but they’re willing to work it out. According to court docs viewed by Complex, Jay’s attorney Alex Spiro revealed at Tuesday’s (March 15) Manhattan federal court hearing that the Roc-A-Fella co-founders are in settlement talks to resolve their lawsuit.
Hov sued Dame in June 2021 after the former Roc executive tried to sell his ownership stake in Reasonable Doubt as an NFT without proper permission. A district judge put an end to the NFT sale attempt by Dame Dash last year when the courts blocked the transaction.
“[Both sides are] in the process of meeting and conferring to determine whether they can reach a settlement agreement that would resolve this case,” the docs reportedly read based on Spiro’s testimony from Tuesday’s hearing.
Damon Dash responded by countersuing Roc-A-Fella and Hov seeking $1 million in damages claiming he was trying to sell his one-third stake of Roc-A-Fella altogether rather than the album.
According to The Hollywood Reporter, the suit says JAY-Z transferred streaming rights to the album to S. Carter Enterprises LLC without authorization from Roc-A-Fella.
“From my perspective, it feels like this was all done to devalue this asset,” Dame told DX in an interview. “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?”
If no settlement is reached, Complex reports via Spiro that another motion will be filed on behalf of JAY-Z against his former partner to ban him from selling a portion of the album in any capacity.
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