Jay-Z’s lawsuit against Bacardi over their D’Usse partnership could reportedly be worth $2 billion.
According to Complex, the experience profile of Daniel Schimmel—who’s listed as heading the International Litigation and Arbitration practice of Foley Hoag’s New York offices and is an arbitrator in the case in question—cites the $2 billion figure as part of his work history.
A source close to Foley Hoag indicated to Complex that the $2 billion case Schimmel makes mention of is the dispute between Jay-Z and Bacardi.
The lawsuit began in October when the Reasonable Doubt artist’s company SC Liquor says Bacardi’s subsidiary, Empire Investments Inc., is trying to “stall and stonewall” all efforts to get financial information on the valuation of D’Ussé, which explains why the rapper is looking to sue the company as previously reported.
One can assume the sale is probably to gain capital to purchase the NFL’s Washington Commanders as it was rumored that the hip hop mogul was in pursuit of ownership.