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Billionaire Jay-Z Reportedly Files Lawsuit Against Spirits Brand Bacardi

 

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.

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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.

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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.

The fragrance company stated Jay-Z did not uphold his contractual obligations when he allegedly failed to promote their brand. Jay-Z countersued as he “fulfilled his obligations despite numerous missteps from Parlux.”

 

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.

 

 

 

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Written by How Africa News

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