TMZ reports 11 years after starting a partnership with the alcohol industry, Jay-Z is suing Bacardi.
With regard to D’Usse, Jay-Z has a 50/50 collaboration with Bacardi. As he is allegedly attempting to “watch the behavior of [Bacardi’s] business to defend SC’s interests as” it relates to the partnership, this may be contested.
According to the outlet, court records reveal that Jay-company, Z’s SC Liquor, is requesting complete openness over the precise amount of revenue his hugely successful cognac line is bringing in.
In addition, Jay-Z’s company is pushing for as much information as possible that can substantially prove earnings such as:
- information about inventory and the inventory process
- warehouse locations that store D’Usse barrels
As of now, there has not been an official word from Jay-Z or Bacardi.
The lawsuit follows just two months after a verdict from a court battle involving Jay-Z.
Jay-Z and Parlux Fragrances had a six-year dispute over an alleged breach of contract.
Jay-Z prevailed and would no longer have to pay the $67 million in damages. This year, Manhattan Supreme Court Justice Andrew Borrok ruled that Parlux would need to compensate Jay-Z $6.78 million in unpaid royalties coupled with an interest.
“We’ve been awarded and will be receiving the money as we should,” Jay-Z’s lawyer Alex Spiro shared, according to the New York Post.