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Damon Dash is taking L – at least for now – in his attempt to sell Jay-Z’s Reasonable Doubt album as an NFT…but he’s not likely to give up yet.
A source close to the case tells us that the court ruled in Roc-A-Fella’s favor Tuesday, ruling Damon preventing him from selling NFT’s Jay’s debut studio album, and any planned auctions to do so should be halted.
Of course, the ruling is only temporary, but we were told the federal judge said Jay and Rock-a-Villa’s arguments were “considered credible and valid.” However, more deposits will almost certainly come in the future from Dash’s side.
We broke the story… Roc-A-Fella sued Dash – one of its founders – claiming he had no right to sell his “Reasonable Doubt” because the company owns it.
The RAF – represented by authority attorney Alex Spiro – claimed Damon was trying to cash in on the NFT’s frenzy, so they took him to court to stop any potential sale and have him turn over any NFTs he had already minted.
But, Dash told us a lawsuit wouldn’t stop him and made it clear that he was not just trying to sell Jay’s album, but his entire stake in Roc-A-Fella. Dame claimed Jay-Z cut him down with an offer to buy his 1/3 stake in the company…so he’s shopping.
As far as we can tell… nothing is stopping him from doing it.
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