Dame Dash’s meteor-sized cash shredder will dig deeper this week. The Roc-A-Fella Records co-founder is reportedly losing the company and copyright to pay off debts of more than $800,000.
Dame Dash is forced to hand over his most valuable assets because he hasn’t paid
Dame Dash failed to pay $823,284 in damages to film producer Josh Webber in 2022 to a 2019 libel and copyright infringement lawsuit, according to a report released by Allhiphop.com on Wednesday (June 11). As a result, DAME was forced to split up with big Copyright, which includes big Copyrifts, and other film companies.
Which companies and copyrights will be lost?
U.S. Magistrate Judge Robert W. Lehrburger issued a ruling Tuesday (June 9) requiring Dash and his company Poppington LLC to hand over full ownership of Bluroc LLC, Blakroc LLC and Dash Films Inc. Dame.
The copyright of the film produced by Dame and his umbrella company Poppington will also be surrendered to cover Dame’s debt. The rights of the movie include the rights of honor, it is so glorious, we went to… China, welcome to the black people.
Read more: Dame Dash claims Drake offers to buy Jay-Z reasonable doubts about the album’s Dame share
What happens to Dame Dash’s assets?
Dame Dash and his legal team must object to the federal forfeiture ruling by Monday (June 16). After that, the U.S. Marshal will auction all mentioned assets within 180 days.
Mrs. Dame Dash has been forced to sell assets, including his stake in Roc-A-Fella
Although Dame Dash and Poppington’s assets may be auctioned to pay for part of the lawsuit owed to the film Josh Webber, which is not the first time Dame faces these types of consequences, as they will encounter cash. After being ordered to abandon his stake in Roc-A-Fella Records last year, New York State poured in and bought assets for $1 million. They use it as a multi-million dollar dash for taxes owed.
XXL has obtained a statement regarding the ruling with Dame Dash’s attorney.
Read more: Dame Dash quotes so-called court filings claims Jay-Z’s court is “poisoning” federal auction house to sell reasonable doubt rights
Seeing the rapper beat the main legal case and walked away with victory
In these cases, hip-hop has won somehow.
