Things may be smoothing over soon for long-time business partners Jay-Z and Damon Dash. The pair is working on a settlement with the “Reasonable Doubt” drama after Jay-Z sued Roc-A-Fella Records and Dash over NFT.
Jay-Z sued Dash for trying to mint his legendary album, Reasonable Doubt, as an NFT, which means converting digital files into crypto collections or digital assets, and Jay-Z isn’t having it.
Hov’s lawyer, Alex Spiro, says, “The parties are in the process of meeting and conferring to determine whether they can reach an agreement that would obviate the need for [Roc-A-Fella Records, Inc.] to file the motion [for a permanent injunction],” Spiro wrote. “And the parties are also in the process of meeting and conferring to determine whether they can reach a settlement agreement that would resolve this case.”
Hov reportedly plans to pursue a permanent injunction against Dame Dash if they can’t reach a settlement.
Spiro continues, “Plaintiff Roc-A-Fella Records, Inc. intends to file a post-discovery motion for summary judgment seeking entry of a permanent injunction preventing defendant Damon Dash from altering in any way, selling, assigning, pledging, encumbering, contracting with regard to, or in any way disposing of any property interest in the album Reasonable Doubt, including its copyright and including through any means, such as auctioning a non-fungible token (NFT) reflecting, referring, or directing such interest.”
Jay-Z, Dame Dash, and Kareem “Biggs” Burke founded Roc-A-Fella in 1995, and Dash has been trying to sell his stakes for a while now. He believes that’s the real reason for Jay-Z’s lawsuit.
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