Jay-Z and Damon Dash settle dispute over Reasonable Doubt NFT sale

completemusicupdate.com:

The legal dispute between Jay-Z and Damon Dash over the latter’s attempts to sell the rights in the former’s debut album as an NFT is over.

Which is no fun at all. Given how entertaining Jay-Z’s testimony was when he was battling a perfume company in court, imagine how fun it would have been if he’d been in court facing off his Roc-A-Fella Records co-founder.Jay-Z went legal a year ago after rights connected with his ‘Reasonable Doubt’ album were included in an NFT sale announced by Dash.

The lawsuit argued that while Dash was a shareholder in Roc-A-Fella, that didn’t mean he could sell all or even a slice of the company’s only real remaining asset, that being the ‘Reasonable Doubt’ recording rights.The lawsuit stated: “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. The court should stop Dash … and hold him accountable for his brazen theft”.The court did indeed stop Dash from going ahead with the NFT sale by quickly issuing an injunction to that effect, while the wider legal dispute in relation to Jay-Z’s attempts to hold his former business partner “accountable for his brazen theft” continued.