Dame Dash Responds to JAY-Z’s Legal Move Amid Roc-A-Fella Shares Sale

Dame Dash has responded to JAY-Z’s legal filing regarding the copyright ownership of Reasonable Doubt ahead of the sale of his shares in Roc-A-Fella Records.

In the filing, JAY-Z and his legal team claimed that the rights to the album will revert to him in 2031, no matter who owns the record label at that time.

On August 13, Dame took to Instagram to address the situation, making it clear that his one-third stake in Roc-A-Fella is still up for sale. “They can say what they want, this shit is still for sale. You’re not buying a copyright, you’re buying a piece of a company ROC A FELLA INC,” he wrote, inviting serious buyers to inquire.

Dame’s 33.3 percent ownership in the iconic record label will be auctioned in New York City on August 29, with the proceeds going towards the $823,000 he owes to movie producer Josh Weber. This debt stems from a lawsuit over copyright infringement and defamation related to the 2016 film Dear Frank.

Earlier this year, a judge ordered Dame to sell his shares to pay off his debt. JAY-Z and fellow Roc-A-Fella co-founder Kareem “Biggs” Burke objected, citing company bylaws that require board approval for any sale of stakes. However, U.S. Magistrate Robert W. Lehrburger ruled that Dame’s shares could be seized as personal property to satisfy the judgment.

In his decision, Lehrburger criticized JAY-Z and Biggs for implementing a no-sell clause during a 2021 board meeting that Dame did not attend. He ordered Roc-A-Fella to deliver Dame’s stock certificate to the U.S. Marshals Service for the auction within 180 days.

JAY-Z and Biggs’ main concern isn’t supporting Dame but preventing an outsider from acquiring Roc-A-Fella’s intellectual property. Lehrburger suggested they could address this issue by participating in the auction themselves.

The minimum bid for Dame’s shares is set at $1.2 million, enough to cover his debt. It remains to be seen whether JAY-Z and Biggs will join the bidding.