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Damon Dash sues “The Butler” director Lee Daniels for $25 million

daniels

Ever since leaving the limelight of hip-hop, Damon Dash has been active, vocal and engaged in a tall pile of entrepreneurial ventures.  He takes pride over the fact that, unlike his former partner Jay-Z, he is deeply connected to the black community and operating as an independent businessman.

He has also complained extensively about what he refers to as “culture vultures,” or individuals who’ve robbed hip-hop of its authenticity in exchange for getting rich by marketing self-destruction among young black men.   He has a point, since a lot of young black men are now imitating the unhealthy habits being promoted by mainstream rappers, including the excessive violence, promiscuity, drug/alcohol consumption, promotion of ignorance, disrespect for black women and financial irresponsibility.   Most of these habits don’t lead to success:  They either lead to prison, drug rehab, bankruptcy courts, the STD clinic or death.

In a more recent development in his life, Dash has taken on Lee Daniels, director of the “The Butler.”  Dash says that he put money into Daniels’ film, only to find that everyone got paid what they deserved except for him.  The film went on to become wildly successful, but Dash feels that he was shorted on the project.

Dash says that he’s invested in numerous projects with Daniels, including ”The Woodsman,” “Precious,” “The Paperboy” and ”The Butler.”  He says that he put a whopping $2 million into “The Woodsman” back in 2004 and never received any kind of return on his investment.

According to TMZ, Dash also claims that he was defrauded out of executive producer credits on other film projects as well.   He is suing to the tune of $25 million.

As expected, Daniels’ reps are saying that the suit is “completely without merit.”  We’ll see how this turns out.

 Lessons from this story:

1) Success can often lead to the end of many important friendships in your life.  Before investing big money into anything, make sure you have iron clad contracts to protect your relationship.  If the project becomes wildly successful, you should not be surprised if the principal manager in the deal seeks to try to push you out.   Most friendships aren’t worth a million dollars to nearly anyone.

2) Lawsuits are a natural, yet inconvenient part of doing business at the highest levels.  There isn’t always a clear right or wrong, and the job of the courts is to clear up any ambiguity.

 

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Comment by MC SMILEY on August 26, 2014 at 6:24pm

wowo so what pppl get sued all the time and when a celeb most of the time like rip my gurl whitney said whatch what you say or do

Comment by mr1stroke on August 26, 2014 at 5:35pm

@Lucky Hall you damn right i agree

Comment by mr1stroke on August 26, 2014 at 5:35pm

@Cee Gee i do agree some what but remember he was not the rapper, writer nor producer at the time he was always the investor putting money behind jay Z and the others so we both know in business we must look for the highest return but he was enjoying the moment lol i wont even go off on him because i would too, i think the 96 and 99 erra was a beautiful time for hiphop money women and fame we can go wrong sorry im just being a man lol

Comment by mr1stroke on August 26, 2014 at 3:23pm

this is the problem with niggas they refuse to leave behind the home boy and hood mentality when conducting business, no matter who it is once money is involve you have to sign contract friends or foes it dont matter, because at the end just about every one wants to get over especially in hollywood and when it comes to credit that one person wants to wear many hats so always be careful its part of the contract, one thing i know Damn dash is a businessman just not focus but always believe in friends before business but i think he has a case if he can prove the damages that took place, i tell every one i am sorry i dont know you like that anything that involves money must be in writing if not we can do it on the self phone while we type it on a note as we udio record the agreement i am in business to succeed not to fail

Comment by Cee Gee on August 26, 2014 at 1:50pm

He has also complained extensively about what he refers to as “culture vultures,” or individuals who’ve robbed hip-hop of its authenticity in exchange for getting rich by marketing self-destruction among young black men.

He should not talk when he was one of those people.
 He takes pride over the fact that, unlike his former partner Jay-Z, he is deeply connected to the black community and operating as an independent businessman.
And that's only because he isn't rich any more and has to live back in the hood.  When he was big time, he walked around like his s(hit) didn't stink.  I will never forget what he did to my brother in law....never liked this man, even when he was a nobody as a teenager.  I never liked him.

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