Despite the objection from co-owner Jay-Z, a New York Judge ordered music executive Damon Dash to sell his shares of Roc-A-Fella Records following his refusal to pay $823k judgment to movie producer Josh Weber, who successfully sued him for defamation and copyright infringement following a dispute over the 2016 film Dear Frank.
Jay-Z tried everything to object to Damon Dash selling his shares of Roc-A-Fella Records but the judge threw Jay’s objection out and went ahead with his order.
Beyonce’s husband along with co-owner Kareem “Biggs” Burke objected to the auction, claiming the company bylaws mandate that the board of directors must first approve the sell-off.
But in a 15-page decision, U.S. Magistrate Robert W. Lehrburger shut down the claim and ruled Dash’s one-third ownership of the Roc-A-Fella is personal property that can be seized to satisfy a judgment.
“The question at the core of the instant dispute is whether the RAF By-Laws’ prohibition on transfer and sale of Dash’s one-third ownership interest in shares of RAF without the consent of RAF’s board of directors legally prevents sale of Dash’s interest in RAF to satisfy the Judgment,” Leherburger wrote in his decision. “The answer indisputably is no.”
“Without jurisdiction to enforce a judgment entered by a federal court, the judicial power would be incomplete and entirely inadequate to the purposes for which it was conferred by the Constitution.”
The judge has issued his order and it must be obeyed regardless of whatever objections by Damon and his people.
