Jay-Z is accused of ‘poisoning’ ex-business partner Damon Dash’s auction of Reasonable Doubt copyright by New York City

As a lifestyle expert with a keen eye for legal battles and a deep appreciation for hip-hop history, I find myself intrigued by this ongoing saga between Jay-Z and his former business partner Damon Dash. The latest twist, involving the City of New York, adds an unexpected layer to this complex tale.

A fresh player has entered into Jay-Z’s longstanding dispute with his ex-business partner, Damon Dash: it’s none other than the City of New York.

Prior to the upcoming auction of Jay-Z’s classic debut album Reasonable Doubt’s copyright, which is being conducted by Dash, a legal representative from New York City’s Department of Social Services has alleged that the rapper is tainting or contaminating the auction process.

A clip shared on X (previously Twitter) on Friday showed Dash reading out city-submitted papers that criticized the rapper.

As an ardent fan, I can’t help but feel a tinge of concern over recent allegations against my idol, Jay-Z (born Shawn Carter). It seems that the city’s lawyer has accused him of manipulating the final auction value – an event meant to bolster the city, given Dame Dash’s substantial child support arrears and unpaid taxes. The accusation suggests that Jay may have undervalued Dash’s one-third stake in Roc-A-Fella Records, including the copyright of his iconic album, Reasonable Doubt, according to TMZ.

DailyMail.com has contacted representatives for Jay-Z and Dash to request comment. 

In an interview, Dame Dash challenges Steve Stoute’s claims and clarifies that Jay-Z’s rights to Reasonable Doubt will not revert back to him in six years as some people suggest. Instead, the ownership of this album will stay with Roc-A-Fella Inc. all the way until the year 2098. (🎥 America Nu Network/YouTube)

— The Art Of Dialogue (@ArtOfDialogue_) September 23, 2024

Previously, Jay-Z’s lawyers asserted that Dash’s share in the album ownership would return to Jay-Z in 2031. However, New York City has challenged this claimed reversion date in their court filing.

As per records, the city asserts that the rapper’s copyright rights, stemming from his recording contract with Roc-A-Fella Records (a label he co-established in 1994), will last up until the year 2098.

In his submission, attorney Gerald E. Singleton suggested that the auction be organized in a way that maximizes the sale price, with the aim of advancing the interests of creditors whose judgments have been impacted.

In simpler terms, he mentioned that Jay-Z’s agreement with Roc-A-Fella Records labels his album Reasonable Doubt as ‘work produced on commission.’ This supposedly means that the record label, and subsequently anyone Dash sells his shares to, could hold the copyright rights until the year 2098.

The document suggests that New York City anticipates the final bid for the auction might increase up to ten times its usual value, considering the copyright’s potential duration extends almost into the next century, rather than being limited to only seven years.

Based on the city’s records, making statements about the Reasonable Doubt copyright might negatively impact their efforts to secure the best possible high bid.

An effective auction could help further the objectives of the Department of Social Services, since, as reported by TMZ, Dash allegedly has an outstanding child support debt of $193,000.

It’s said he allegedly owes the city a substantial amount, possibly running into millions of dollars, due to back taxes that have yet to be paid.

Originally planned for August 29th of this year, the auction is set to commence with initial bids starting at $1.2 million. All potential bidders are obligated to provide a security deposit of $240,000.

On Monday, I penned a passionate letter in response to the city’s filing against Roc-A-Fella Records, a move that had me on edge as a diehard fan. This missive was made available to DailyMail.com.

Initially, Jay-Z’s legal representative, Alex Spiro, stated that the claims and demands made by New York City were without any basis or substance.

He wrote that the city was incorrect to attribute the statements about the copyright’s term to his client, as Jay had only filed a notice of termination with the copyright office, which shows his intent to regain the copyright. 

In simpler terms, he emphasized that New York City doesn’t care about the copyright for Reasonable Doubt, and he made it clear that anyone buying the copyright should be aware that it might return to Jay-Z as early as 2031.

Spiro stated that the discussions concerning the termination notice were “far too premature,” and he implored the judge to decline the city’s petition for an advisory decision on the termination notice.

In a statement provided to DailyMail.com, Dash defended the auction of his Roc-A-Fella interests. 

Starting from 2021, Jay has persistently attempted to halt the legal sale of a one-third share I own. He even managed to get rules in place that prohibited sales to outside parties, but the court later ruled these provisions invalid. Now, in 2024, his group is disseminating untruths to discourage high bidders from investing large sums at auction, hoping to acquire it at a lower price instead.

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2024-09-24 03:49