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New York Says Damon Dash Owes $8.7M In Unpaid Taxes – And That Roc-A-Fella Auction Must Pay Them
Damon Dash’s one-third stake in Jay-Z’s Roc-A-Fella Records is being auctioned, but New York State says he owes $8.7 million in taxes and must pay up.
The Roc-A-Fella auction is being held to satisfy an $823,000 judgment against Dash, won by movie producer Josh Webber in a civil lawsuit over a failed film partnership. The owners of the other two-thirds of Roc-A-Fella — label cofounders Jay-Z ( Shawn Carter) and Kareem “Biggs” Burke — have already attempted to stop the auction, including making changes to the company’s bylaws and intervening in the lawsuit. The auction will be coordinated by Webber’s attorney, Chris Brown, who told Billboard earlier this month that he had received numerous inquiries from potential bidders, including corporate investors, high-profile individuals and collectors.
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