*As previously reported, Hip Hop mogul Dame Dash claims director Lee Daniels is refusing to pay back the $2 million he borrowed from him… and now he’s suing him for it.
In an Instagram post shared on Tuesday (June 26), Dash posted a clip that shows the two arguing during a Diana Ross show at the Hollywood Bowl last week.
According to the subtitles, Dame says, “As a black man, I gave you money that you needed, so how you not gonna give me my money?” Daniels replies repeatedly, “I will call you.”
Dame claims he gave Daniels a $2 million line of credit to build his career as a film director, with an agreement to receive executive producer credits and dividends of Daniels’ work. But Daniels hasn’t fulfilled his end of the deal as he has gone on to successfully direct films such as “Precious” and is currently working on the FOX shows “Star” and “Empire.”
OTHER NEWS YOU MIGHT HAVE MISSED: Drama! Damon Dash Confronts Lee Daniels About His Money and it’s Caught on Tape – WATCH
The Roc-A-Fella Records co-founder has now filed a $5million lawsuit against Daniels.
“Plaintiff is entitled to a judgment, directing Defendants Lee and Lee Daniels Entertainment to pay to Plaintiff monetary damages in amount to be determined at trial, but estimated at no less than Five Million Dollars ($5,000,000.00), and issue any Producer credits and ownership rights to Plaintiff to which he may have heretofore been entitled,” states the multi-claim complaint filed this week in New York Supreme Court by Dash’s NYC-based lawyer Natraj Bhushan (read it here).
“In sum and substance, in March 2015, after lengthy settlement negotiations, Plaintiff and Defendants entered into a confidential, global settlement of all claims related to the Dash v. Daniels, et al. litigation, which was memorialized in writing and signed by all parties in April 2015,” said the jury trial seeking document from Bhushan, who represented the entrepreneur three years ago in a $25 million action over an estimated $2 million lent to Daniels way back in the day. “This writing, known among the parties as the Settlement Agreement and Mutual Release (the “Settlement Agreement”), resulted in the discontinuance with prejudice of the Dash v. Daniels, et al. litigation,” the 11-page filing adds of a deal that was supposed to see Dash given an co-executive producer credit and “five percent (5%) on all amounts that Mr. Daniels actually receives from his backend participation” on a Richard Pryor biopic the now “Star” EP was to direct, per Deadline.
Dash’s complaint claims over the next couple of years, his lawyers tried to work something out…but to no avail.
“In response, Defendants, through their counsel, offered non-comparable alternative consideration and thinly-veiled threats,” the paperwork put before the Empire State court on Tuesday alleges. “In essence, despite the express and unambiguous EP consideration clause, Defendants, in bad faith, to renegotiate the terms of this clause to something vastly more favorable to Defendants.”
As well as the legal action, Dash posted a video on his Instagram on Tuesday of a confrontation he had with Daniels at a Diana Ross show at the Hollywood Bowl earlier this month:
According to the report, Daniels plans to meet this latest legal action with a countersuit to shed light on what really went down behind the scenes.
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