Music mogul Jay Z won the lawsuit!
The problem was in the Gold Jay-Z perfume: due to disagreement over the promotion, the fragrance maker sued the musicians for $ 68 million in damages, but the court rejected it, and the money was eventually given to Jay-Z.
An awkward legal process with the cosmetics company Parlux and American music mogul Jay-Z has finally come to an end. Not only did he prove that he did not owe them a cent because of a dispute over the promotion of the fragrance with his name Gold Jay-Z, but the New York Court of Appeals granted his claim for damages and gave him $ 4.5 million in unpaid the New York Court of Appeals granted his claim for damages and gave him $ 4.5 million in unpaid royalties.
The story of how he got involved in a lawsuit begins in 2012 with the signing of a contract under which, in exchange for a hefty sum, he gives his name to the new fragrance "Gold Jay-Z". It was then agreed that the musician whose real name was Shawn Carter, promote perfume. However, Parlux sued him in 2016 for failing to fulfill an item of the fragrance promotion contract. They demanded a staggering $ 68 million in damages, so the author of the song Empire State of Mind hired attorney Alex Spiro, a partner in the prestigious New York office of Quinn Emanuel Urquhart & Sullivan. After several failed attempts at an out-of-court settlement, a trial was held in New York last October.
The music mogul testified for two days in a courtroom in front of a jury and was eventually acquitted. It was decided that Parlux, whose principle of work is vegan and cruel, and their fragrances are made with pure ingredients. On that occasion, the husband of pop diva Beyoncé asked the jury to approve his counterclaim against Parlux seeking damages of $ 4.5 million because the company did not pay him royalties from the perfumes sold. But the jury decided that Parlux should not pay compensation to Jay-Z either.
He appealed and now the New York Court of Appeals has decided in his favor. It turned out that according to the contract with the company he had a year to promote the perfume, so the fact that he did not appear at the Gold Jay For 2014 presentation at the fashionable New York department store Macy's and came to a promotional interview on Good Morning America and Women's fashion magazine Wear Daily, is not in dispute. But Judge John Higgitt concluded that under the contract, the company was required to pay the musician royalties even though they were selling him. They claimed the musician deliberately avoided advertising the fragrance in which $ 29 million was invested.
“Why on earth would Jay-Z give his name to just one product in his entire career if he wanted it to fail?” his lawyer concluded.
