Damon Dash Temporarily Banned From Selling Jay-Z’s ‘Reasonable Doubt’ As NFT
A judge has ruled against Damon Dash in Roc-A-Fella’s lawsuit against the music mogul.
As previously reported, Roc-A-Fella took legal action against Damon Dash for attempting to sell Jay-Z’s Reasonable Doubt album as a non-fungible token (NFT), a virtual form of art that is often traded online. The label argued that Damon Dash only owns one-third of the album and that Jay-Z and another man, Kareem Burke each own one-third as well.
The lawsuit alleges,
“The bottom line is simple: Dash can’t sell what he doesn’t own. By attempting such a sale, Dash has converted a corporate asset and has breached his fiduciary duties. His planned auction of Reasonable Doubt would result in irreparable harm.”
Now, a Manhattan Federal Judge John Cronan has ordered a temporary restraining order that bans Damon Dash from selling the project. Cronan ruled in court documents, according to Page Six:
“If the plaintiff’s allegations prove true … the plaintiff is likely to suffer irreparable injuries.”
A follow-up hearing is scheduled for next Thursday.
Damon Dash previously responded to the lawsuit and called out Jay-Z for allegedly being a “bully.”
“I’m not running around to different places trying to auction off ‘Reasonable Doubt.’ I’ve been working with one platform and that’s SuperFarm.”
“That’s what corporate always does to the independent guy. It’s a case of corporate versus independent and how they try to bully me — but they are trying to bully the wrong one.”
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