JAY-Z has been awarded a total of $6.8 million in the Parlux royalties case, bringing this long-winded case to a final close.
In a verdict that was rendered on Thursday (June 1), a five-judge panel in New York upheld a previous ruling that not only was Hova (real name Shawn Carter) not responsible for more than $67 million in damages against the fragrance manufacturer, but that the company actually owes the multi-hyphenate billionaire some coins
There were multiple rational bases for upholding the jury verdict, and plaintiffs have not set forth a sufficient basis . . . to overturn it,” ruled the panel, according to Robb Report.
In total, the panel of judges awarded JAY-Z a grand total of $6.8 million in unpaid royalties — a price which included the original verdict plus interest.
The Brooklyn mogul and Parlux originally cut a deal in 2012 and they released their Gold by Jay Z fragrance a year later. The fragrance, however, was not a success
Parlux then sued Hov in 2016 after the cologne tanked and blamed Jay for not promoting the fragrance line properly. They alleged that Hov failed to show up for the Macy’s 2014 Jay-Z Gold launch and also skipped out on promo spots for Good Morning America.
In November 2021, an NYC judge ruled that JAY-Z didn’t breach his contract with Parlux and helped him legally dodge the $67 million lawsuit.
“You failed to prove your case, they failed to prove their case,” Justice Andrew Borrok reportedly stated to Parlux’s legal team following the verdict. “You’re excused
JAY-Z was then originally awarded $4.5 million in unpaid royalties from Parlux back in February 2022 by an appellate court in New York City stemming from past cologne sales that have stacked up, which Jay’s attorneys legally requested last fall.
JAY-Z told reporters at the time, “I’d like to express my gratitude to the jury, especially during these difficult times
Although they didn’t address his $6 million countersuit for royalties in November, the jury inside the appellate court then awarded him the $4.5 million.
“The record is clear: Parlux sold licensed products after July 31, 2015, but failed to pay royalties on those sales,” Justice John Higgitt wrote in his unanimous decision.
