Jay-Z sued for $600-million

By Drum Digital
27 January 2014

Rapper Jay-Z is being sued for $600 million (R6.6 billion) Radar Online reports.

Jay-Z is named as a defendant in a $600 million lawsuit by a disgruntled entrepreneur who claims that he trademarked the name “Brooklyn Nets” long before the NBA team ever moved out of New Jersey.

The Plaintiff, Dr. Francois de Cassagnol, filed a complaint on December 9, 2013, asking for a juried trial over the matter — and $600 million in damages, at least.

Francois claims that the NBA, Jay Z, and developer Bruce Ratner “fraudulently conspired” to use “loopholes” in the U.S. Patent Office so that they could use a term he says he registered more than ten years ago.

Documents submitted as evidence show that de Cassagnol filed applications in 2012 for “The Brooklyn Nets Entertainment Logo,” which was first used in the State of Louisiana back in 2003, radar reports.

The value of the Nets increased several hundred million dollars upon their move to Brooklyn, and he is asking a court to award him at least $600 million.

Jay Z sold his shares of the team to Jason Kidd late last year after opening his own sports agency firm.

He still owns a percentage of the Nets’ home, Barclays Center.

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