Here's why NY now shares a business with Jay-Z after auction of Damon Dash's shares in Roc-A-Fella Records

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Damon Dash,Hip-Hop,Jay-Z

Edwyna Brooks says she’s unable to recoup money Damon Dash owes her

New York is technically in business with Jay-Z — at least for a while — after the state government bought a third of his legendary Roc-A-Fella Records at a federal auction last week.But that’s not why Dash, 53, was forced to go to auction — it was actually an $823,000 judgment from a movie producer’s lawsuit that led to the court-ordered sale,Dash’s financial fortunes have soured mightily since the good old days when he opened Roc-A-Fella with Jay and Kareem “Biggs” Burke in 1996.

https://nypost.com/2024/11/22/us-news/megyn-kelly-blasts-msnbc-mika-brzezinski-for-2012-vanity-fair-photo/">Mika “There was this guy, with this big mouth, basically like, ‘Oh we got the best rapper in the game! He’s about to take over the game, we’re gonna take over fashion, we’re gonna’ do all of this.’Years later, Woodson admitted to Dash that even though he didn’t believe his brash proclamations at the time, the trio did everything they said they would — and more.But as Jay-Z catapulted into superstardom’s rarefied air, Dash got left behind.

In the suit, Webber and Muddy Water Pictures claimed Dash, a Harlem native, was trying to dupe the public into thinking he had ties to the movie even after he’d been dropped from it,“Dear Frank,” the movie that Dash claimed he was a part of even after he was canned from the production team.Dash had been part of the production three years earlier, and was supposed to direct the film.

An anonymous Albany rep entered the winning $1 million creditors bid, which means the state doesn’t have to front the money and can now resell its stake at no risk.

 

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