Dame Dash Ordered To Sell Roc-A-Fella Shares To Pay $823K Judgement
Dame Dash’s hopes of “taking back” Roc-A-Fella Records may be dashed themselves, as the label’s co-founder has been ordered by a judge to sell his remaining shares to clear a six-figure debt incurred two years ago.
Radar Online reports that the Harlem hustler was ordered by U.S. Magistrate Judge Robert W. Lehrburger to sell his one-third ownership of Roc-A-Fella to satisfy a judgement after Dash allegedly refused to pay a $823K judgement to movie producer Josh Webber. Webber sued the business man for defamation and copyright infringement after a dispute over the 2016 film Dear Frank, winning the case in 2022.
Despite years of tension between them, JAY-Z and fellow Roc-A-Fella boss Kareem “Biggs” Burke objected to the auction of Dame’s shares, claiming the company bylaws mandate that the board of directors first approve the sell-off. Judge Lehrburger, however, determined that his share qualifies as a personal asset that can be seized in order to pay his debts.
“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 15-page 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.”
Following the original verdict, Dash took to social media to react.
“You have to lose some battles to win a war… stay tuned #fatliars #youllneverbeme. Don’t ever say you Directed MY movie,” he wrote in an Instagram post. Webber then posted his own response, writing succinctly, “Case closed.”
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