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JAY-Z Says Dismissed Lawsuit Price His Firm $20M in Annual Offers

JAY-Z Becomes First Black Male Artist to Have 10 Albums Go Double-Platinum

JAY-Z revealed the monetary affect of the now-dismissing rape case led by legal professional Tony Buzbee. In a press release after the dismissal, Hov revealed he misplaced out on offers that will usher in $20M per yr.

“Instantly after Mr. Buzbee went public together with his false accusations, my firm Roc Nation misplaced contracts within the sports activities and leisure house that will have generated revenues of roughly $20 million per yr,” Hov wrote in a countersuit filed after the dismissal.

You possibly can see the total paperwork under.

A lawsuit in opposition to JAY-Z and Diddy, accusing the 2 of the rape of a 13-year-old lady, was dropped. JAY-Z launched a press release in opposition to the “appalling allegations,” his lawyer, Alex Spiro, confirmed that HOV hadn’t paid any cash within the dismissal. The case can’t be re-filed.

“The false case in opposition to Jay-Z, that by no means ought to have been introduced, has been dismissed with prejudice,” Spiro mentioned to AllHipHop. “By standing up within the face of heinous and false allegations, Jay has achieved what few can—he pushed again, he by no means settled, he by no means paid one crimson penny, he triumphed and cleared his title.”

HOV launched his personal assertion declaring victory: “This civil go well with was with out benefit and by no means going anyplace. The fictional story they created was laughable, if not for the seriousness of the claims. I’d not want this expertise on anybody.”

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