An appellate court has ruled in favor of JAY-Z who is now entitled to more than $4,500,000.00 in royalties from the sales of his fragrance.
In a 2016 lawsuit filed against the rap superstar, Parlux Fragrances claimed that the multi-millionaire breached the terms of their agreement by failing to do media and public appearances in order to promote his 2013 Gold Jay Z scent line launch.
In a counterclaim, Jay-Z’s legal team insisted that the superstar musician (born Shawn Corey Carter) was owed $4.5 million in unpaid royalties.
On Thursday (2.24) the Appellate Division, First Judicial Department in New York ruled that Jay-Z and his company “are entitled to summary judgment on their royalties counterclaim” with Justice John Higgitt writing “The record is clear: Parlux sold licensed products after July 31, 2015, but failed to pay royalties on those sales.”
During the 21-day trial, Parlux’s lawyer Anthony Viola claimed the rapper defamed the projected profits by refusing to go on Good Morning America and make an appearance at Macy’s department store in support of the fragrance launch, stating:
“If the defendants had fulfilled the contract, if they have upheld their end of the bargain, Parlux would have had a runaway success.” “We would have netter $67.6 million in net profits.”
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Author: Al Denté
Photo: Mike Barry