"JAY-Z's statements are false and extremely damaging to the City's interests," the motion reads.
"In the latest development surrounding the proposed sale, the City of New York has stepped into the fray, with a lawyer claiming that JAY-Z has done everything in his power to diminish potential bids for Dash’s stake, including withholding paperwork critical to its valuation.
In a filing obtained by AllHipHop to United States Magistrate Judge Robert W. Lehrburge, the City of New York, represented by the NYC Department of Social Services (NYCDSS) has requested a stay of Dash’s auction, as well as a pre-motion conference, amid damaging claims made by JAY-Z regarding Dash’s stake.
Singleton has refuted JAY-Z’s claims, which he says are in conflict with the City of New York’s interest to receive payment to cover Dash’s various debts.
Those statements are false and extremely damaging to the City’s interests in ensuring that the auction will generate sufficient funds to satisfy all existing child support arrearages and secure future child support payments.
Singleton has also charged that JAY-Z has withheld information regarding Reasonable Doubt royalties, despite a subpoena ordering him to do so. According to the attorney, and Dash himself, such documents could vastly affect the valuation of the executive’s stake and heighten potential bids for ownership.”
vibe.com/news/entertainment/jay-z-sabotaged-dame-dash-roc-a-fella-auction-city-new-york-1234925522
“The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors,” Singleton insisted in his filing, which points out that JAY-Z’s contract with Roc-A-Fella explicity lists Reasonable Doubt as a “work made for hire,” thus granting Dash and the label ownership of the copyright until 2098.
The auction for Dash’s stake in Reasonable Doubt and Roc-A-Fella Records was scheduled for Aug. 29, with bids opening at $1.2 million, with a $240,000 deposit required.
"JAY-Z's statements are false and extremely damaging to the City's interests," the motion reads.
"In the latest development surrounding the proposed sale, the City of New York has stepped into the fray, with a lawyer claiming that JAY-Z has done everything in his power to diminish potential bids for Dash’s stake, including withholding paperwork critical to its valuation.
In a filing obtained by AllHipHop to United States Magistrate Judge Robert W. Lehrburge, the City of New York, represented by the NYC Department of Social Services (NYCDSS) has requested a stay of Dash’s auction, as well as a pre-motion conference, amid damaging claims made by JAY-Z regarding Dash’s stake.
Singleton has refuted JAY-Z’s claims, which he says are in conflict with the City of New York’s interest to receive payment to cover Dash’s various debts.
Those statements are false and extremely damaging to the City’s interests in ensuring that the auction will generate sufficient funds to satisfy all existing child support arrearages and secure future child support payments.
Singleton has also charged that JAY-Z has withheld information regarding Reasonable Doubt royalties, despite a subpoena ordering him to do so. According to the attorney, and Dash himself, such documents could vastly affect the valuation of the executive’s stake and heighten potential bids for ownership.”
https://www.vibe.com/news/entertainment/jay-z-sabotaged-dame-dash-roc-a-fella-auction-city-new-york-1234925522/
i click on ur link and it sends me to this bs
Wouldn't that stake in Reasonable Doubt be worthless in a few years?
No, that was Jay-Z's attempt to devalue Dame's stake
Jay has claimed that he has a termination right under the Copyright Act and that the rights to Reasonable Doubt will revert to him in six years
But he doesn't have those termination rights.
Instead, it will be renewed in 67 years, meaning the owner will own the copyright rights until the year 2098.
i click on ur link and it sends me to this bs
Kanyigga moment
try it now
vibe.com/news/entertainment/jay-z-sabotaged-dame-dash-roc-a-fella-auction-city-new-york-1234925522
Kanyigga moment
try it now
https://www.vibe.com/news/entertainment/jay-z-sabotaged-dame-dash-roc-a-fella-auction-city-new-york-1234925522/
better now
no oil asmr moment
"In the latest development surrounding the proposed sale, the City of New York has stepped into the fray, with a lawyer claiming that JAY-Z has done everything in his power to diminish potential bids for Dash’s stake, including withholding paperwork critical to its valuation.
^^^
Why wont Jay just let Dame get his money ??
"In the latest development surrounding the proposed sale, the City of New York has stepped into the fray, with a lawyer claiming that JAY-Z has done everything in his power to diminish potential bids for Dash’s stake, including withholding paperwork critical to its valuation.
^^^
Why wont Jay just let Dame get his money ??
This is probably the lowest move possible that Dame could pull against Jay. Dame would probably sell his stake back to Jay, if he just communicated for once, but it came to this. Jay knowing little pieces of his beginnings being spread throughout the industry via an auction he has no control over, most likely f***s with him alot.
I can see 50 Curtis Jackson leaving with that Reasonable Doubt stake lol
How would you feel about Drake getting it?
Would it be too much since he has Tupac's ring and Pharrell's legacy??
What might happen though, is that Jay is gonna hire a personal shopper to come through and buy all that s***. I think it's a good chance that happens
How would you feel about Drake getting it?
Would it be too much since he has Tupac's ring and Pharrell's legacy??
I don't see Drake getting it, or wanting it. He already has enough industry problems. If it goes to a known rapper/celebrity, it'll be 50.
I don't see Drake getting it, or wanting it. He already has enough industry problems. If it goes to a known rapper/celebrity, it'll be 50.
dame said drake wants it tho
Seeing Dame being washed up hurts my spirit
If you're selling a stake in my album and refuse to sell it to me for a similar amount I'd probably not help you either
Although obviously Jay & Dame have bigger issues and it aint as simple as that
No, that was Jay-Z's attempt to devalue Dame's stake
Jay has claimed that he has a termination right under the Copyright Act and that the rights to Reasonable Doubt will revert to him in six years
But he doesn't have those termination rights.
Instead, it will be renewed in 67 years, meaning the owner will own the copyright rights until the year 2098.
Doesnt it become public domain by then lmao