Dame Dash’s Poppington LLC was reportedly sold at auction for just $100.50 in a court-ordered effort to pay off nearly $1 million owed from a defamation lawsuit.
Dame Dash, co-founder of Roc-A-Fella Records and longtime entrepreneur, has suffered another major financial blow. His film company, Poppington LLC, was reportedly sold at auction for only $100.50 in an attempt to cover a defamation lawsuit judgment of nearly $1 million.
The sale was part of a court-ordered action stemming from a defamation case that Dash lost, which left him responsible for a significant payout. According to court filings, the company’s value was diminished, and with no bidders offering more than the starting amount, it was sold for a mere $100.50 — a shocking price considering the brand’s ties to Dash’s film catalog and past business ventures.
Legal experts note that while the amount raised is symbolic, the auction satisfies part of the judgment, allowing the plaintiff to pursue remaining funds through other means, including potential liens or future earnings.
This event is another chapter in the ongoing financial and legal troubles Dame Dash has faced in recent years. Once at the height of hip-hop business royalty, Dash now finds himself fighting to retain assets and rebuild after numerous lawsuits, debts, and controversies.
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