Jay-Z is regarded as one of the most legendary rappers in the Hip-Hop world. On top of his musical prowess, Hov is also a smart businessman and is worth over a billion dollars for good reason. He also realizes that people love to gamble.
Hova was among the names linked to a takeover of the NFL’s Denver Broncos in a lucrative $4 billion. This would have made Jay-Z the first-ever black owner of an NFL team.
Unfortunately, that ultimately did not happen as it was said that Jay-Z had no interest in investing so much money into the Denver Broncos in the first place. Instead, he decided to invest a lot of money into a smart-home company.
Jay-Z was sued by fragrance brand Parlux for breach of contract in 2016, with the trial beginning in New York this week. However, Donald Loftus, the former CEO of the company, is trying to avoid testifying in person, citing health problems and fear of COVID-19. Loftus submitted two doctor’s letters requesting to answer questions via a video link.
According to Rolling Stone, Jay-Z hired a private eye to spy on Donald Loftus’ daily whereabouts. In an affidavit filed on October 15th, the ex-officer private eye presented photos of Loftus walking in Manhattan without a mask, boarding MTA buses, shopping in an Upper East Side grocery store and standing in a crowd at the Pulaski Day Parade.
“Despite Mr. Loftus and plaintiffs’ counsel’s misrepresentations otherwise, the pandemic has not proven exceptional for Mr. Loftus, who is living his life as if it is 2019,” JAY-Z’s lead lawyer Alex Spiro wrote in his filing. “COVID-19 has not stopped Mr. Loftus from participating in any activities similar to, or more risky than, attending an in-person trial around other socially-distanced, masked individuals.”
JAY-Z is expected to be called as a witness in the trial. It is unlikely this case will be ending anytime soon. We will keep you updated on this ongoing case.
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