Jay-Z and Dame Dash have reached a settlement in their court case, which involves Dash's attempt to allegedly sell a portion of the copyright to Jay-Z's solo album as an NFT. The parties announced in court papers filed on 6/13 that an agreement was reached where Dash could sell his one-third stake in Roc-A-Fella Records, the company that he formed with Jay-Z and Kareem "Biggs" Burke but he could not "In any way dispose of any property interest in Reasonable Doubt."
The agreement additionally dismisses the claim that Roc-A-Fella brought against Dash without prejudice. Under the agreement Roc-A-Fella owns all of the rights to Reasonable Doubt including its copyrights. "No shareholder or member of Roc-A-Fella Records Inc holds a direct ownership interest in Reasonable Doubt," the agreement stipulates.
It was almost a year ago that Roc-A-Fella sued Damon Dash for allegedly trying to mint and sell the copyright for Reasonable Doubt as an NFT on the SuperFarm auction website. Dash told Rolling Stone that he wasn't trying to sell the album as an NFT, rather he was attempting to sell his stake in Roc-A-Fella after the label tried to purchase it at a low price.
"When another Black man calls another Black man a thief just to make them look bad, and so that they can devalue an asset that the other man owns, just because he won't sell it for a low price - I don't think the culture needs that," Dash said. Dash's attorney Natraj Bhushan said in a statement that "this meritless lawsuit ended much as it began: with each party in the same position as they were prior to the commencement of this litigation."