Dame Dash‘s stake in Roc-A-Fella Records will remain in his hands for another few weeks, thanks to a federal judge.
On Tuesday (August 27), Judge Robert W. Lehrburger delayed the planned auction of Dash’s one-third stake in the company, which was originally set to take place on August 29. It is now set for September 21.
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The auction is happening as part of the judgment against Dash in a lawsuit brought by movie producer Josh Webber. Webber won $823,000 in his suit against Dame for copyright infringement and defamation.
The proceeds from the sale of Dash’s stake in Roc-A-Fella Records, whose sole property is JAY-Z‘s debut album Reasonable Doubt, were originally supposed to pay those damages.
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Now, however, the situation has gotten more complicated. Billboard reports that both New York State and New York City want money from the sale as well, with the city claiming that Dash owes $197,000 in unpaid child support; while the state wants some of the funds to help settle what it says is Dash’s $8.7 million tax debt.
Judge Lehrburger’s ruling explains that the delay is in place to give Webber a time to set a new higher minimum price for the stake in Roc-A-Fella; and to decide on the city’s claims to the proceeds.
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Webber’s attorney has set up a plan with the state and city about how to disburse the money. However, Dash’s lawyer Natraj Bhushan told Billboard that he had no part in the agreement.
“We look forward to upcoming court conference so that all interested parties can be heard and the court can decide who gets what, and in what priority from the forthcoming public auction,” Bhushan said.
As mentioned, Roc-A-Fella’s only asset is Reasonable Doubt. That means the company may not be as desirable as it sounds.
In a recent filing, Hov and his lawyers claimed that legal ownership of Reasonable Doubt will revert back to him in 2031, regardless of who owns the record label at that point.
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Dash responded on Instagram, commenting: “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 then once again welcomed buyers of his one-third stake in Roc-A-Fella, adding: “Please only serious inquiries only!”
