Jay-Z and Damon Dash have settled their respective lawsuits over JAY-Z’s 1996 debut album Reasonable doubt, Billboard the reports and documents seen by Pitchfork confirm this. Each party’s claims were dismissed without prejudice, allowing future lawsuits. Each party is responsible for their respective legal fees.
Roc-A-Fella Records first sued Dash – who co-founded the label with Jay-Z and Kareem “Biggs” Burke – after trying to auction Reasonable doubt as NFT. The auction has been cancelled. At the time, Sotheby’s was auctioning an NFT that Jay-Z had commissioned from multidisciplinary artist Derrick Adams—created to celebrate Reasonable doubt25th anniversary — called The heir to the throne. It eventually sold for $138,600. Dash then filed its own lawsuit, accusing JAY-Z of transferring broadcast rights to Reasonable doubt to S. Carter Enterprises LLC without permission.
Joint stipulation filed in New York Supreme Court states that Roc-A-Fella owns all rights to the album Reasonable doubtand no shareholder of the label holds direct ownership of the album, and cannot modify or dispose of any ownership of Reasonable doubt in any way by any means, including in particular non-fungible tokens. The agreement also clearly stipulates that any shareholder is free to sell his stake in Roc-A-Fella.
“It’s nothing more than a frivolous stunt,” says Alex Spiro, attorney for JAY-Z and Roc-A-Fella. Dash’s attorney, Natraj S. Bhushan, said in a statement, “As set forth in today’s Joint Stipulation, this baseless lawsuit has ended much as it began with each party in the same position as before the start of this litigation.”