Damon Dash's one-third stake in Roc-A-Fella Records will be auctioned in New York City on August 29, following a court order to satisfy an $823,000 judgment owed to movie producer Josh Webber.

The auction stems from a defamation and copyright infringement lawsuit over the 2016 film "Dear Frank," which Webber won in 2022. The minimum bid is set at $1.2 million, with potential buyers required to submit a $240,000 deposit to participate.

Despite objections from co-owners Jay-Z and Kareem 'Biggs' Burke citing company bylaws, Magistrate Judge Robert W. Lehrburger ruled that Dash's stake qualifies as a personal asset and can be seized for debt payment.

The sale will also address Dash's $145,096 in unpaid child support owed to Rachel Roy and Cindy Morales for three children. The United States Marshals Service will oversee the auction at a Midtown Manhattan hotel.

In his 15-page decision, Judge Lehrburger emphasized that company bylaws requiring board approval for share transfers cannot prevent the sale of Dash's interest to satisfy the judgment, stating that such a restriction would compromise the federal court's ability to enforce judgments effectively.

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