AceShowbiz - Damon Dash's lawsuit against his former friend and business partner Jay-Z hit a stumbling block on Friday, July 16 - a judge denied the rap mogul's attempt to halt a shareholder meeting the same day.
Jay-Z had slapped Dash with a temporary ban on his alleged efforts to sell a NFT (non-fungible token) of the "Reasonable Doubt" album, arguing that the NFT rights were not his to sell, as the album was released on Roc-A-Fella Records - the now defunct label co-founded and currently equally owned by Dash, Jay-Z, and fellow business partner Kareem "Biggs" Burke.
However, Dash fought back against the reports, insisting he was simply trying to find a buyer for his third of Roc-A-Fella, which Jay-Z is said to have previously offered to purchase in March, but at a price "deemed unacceptable."
According to TMZ.com, Dash filed a request for a restraining order ahead of the meeting between Jay-Z and Burke on Friday, claiming the former was going to use it to pass bylaws to restrict him from selling his stake in Roc-A-Fella Records.
In his sworn statement, Dash pointed out, "It should be noted that for 25 years [Roc-A-Fella] operated without issue despite having no bylaws. Now, when I am in the process of trying to sell my 1/3rd equity interest in RAF, Jay-Z is obviously trying to unlawfully use RAF to take certain actions to prevent me from doing so."
A judge denied his request, however, and insisted that if Dash has an issue with anything resulting from the meeting, he should consider appropriate legal action.
The case continues.