“There is nothing in our agreement between us that prohibits me or Jay Z from selling our share of Roc A Fella Records, Inc., the company which owns Reasonable Doubt“. Inc seeks to “enjoin” dash from “selling any interest in Reasonable Doubt” and to be awarded damages “in an amount to be determined at trial”. It goes on to accuse Dash of the “brazen theft of RAF, Inc.’s most prized asset”. The wording of the claim, which you can read in full here, then gets more serious, stating that Dash’s “planned auction of Reasonable Doubt would result in irreparable harm”. By attempting such a sale, Dash has converted a corporate asset and has breached his fiduciary duties”. It adds: “The bottom line is simple: Dash can’t sell what he doesn’t own. The lawsuit claims that Dash’s “status a minority shareholder in RAF, Inc., gives him no right to sell a company asset” (i.e the copyright to Reasonable Doubt).” According to the claim, RAF, Inc, which was incorporated in New York on January 8, 1996, “owns the copyright and all rights, title, and interests to and in Reasonable Doubt, including, without limitation, right to sell, record, reproduce, broadcast, transmit, exhibit, distribute, advertise, and exploit the album”.Īs explained in the legal document, Jay-Z (Shawn Carter), Dash and fellow Roc-A-Fella co-founder Kareem ‘Biggs’ Burke each own one-third of RAF Inc.
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