“In case y’all ain’t realize I ain’t lost yet.”
An appellate court ruled on Thursday (February 24) that Jay-Z is entitled to over $4.5 million in unpaid royalty claims from perfume company Parlux Fragrances.
Parlux sued Jay-Z for $68 million about six years ago, claiming the rap billionaire failed to hold up his end of the promotional bargain when they teamed up to launch his now-defunct cologne, Gold by Jay-Z.
Parlux claims the partnership was a disaster because Hov refused to make promotional appearances at Good Morning America and at the Macy’s 2014 Gold Jay-Z launch, which they allege would have helped boost sales when the fragrance dropped in 2013.
The company, according to TMZ was seeking $18 million in damages from Jay, however a Judge just flipped the script and has ruled in favor of the Roc Nation founder.
Back in November Jay-Z requested for $6 million in royalties after a NYC judge cleared him of breach of contract. Although the NYC court rejected his demands for royalties, the Jury at appellate overruled that decision and awarded him $4.5 million on Thursday.
“The record is clear: Parlux sold licensed products after July 31, 2015, but failed to pay royalties on those sales,” Justice John Higgitt wrote in his unanimous decision.