The settlement that Lee Daniels paid to Dame Dash is getting put to good use. Dash has reportedly used the cash Daniels owed him to repay a six-figure debt that is been lingering over him for almost all of the last decade.
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According to The Blast, Dash used Daniels’ settlement cash to settle his debt with Kerison & Willoughby Capital. Dash owed the corporate $400Okay that they have been making an attempt to gather from a 2011 judgment they have been awarded. The firm even tried to promote the curiosity in Dash’s firm to his ex-wife Rachel Roy to try to fulfill the debt.
In authorized paperwork, Dash mentioned that he reached a confidential settlement with Kerison & Willoughby Capital in November of final yr. The deal revealed that “monies owed to Dash from a third-party are being paid” to Kerison. Dash additionally said that he, “by way of his personal unique efforts,” settled his debt and desires the courtroom to order that it has been paid off.
Dash struck a take care of the corporate in the identical month that Lee Daniels settled his debt with the music mogul. Dash accused Daniels of breach of contract over a Richard Pryor biopic they have been each planning on engaged on. A video of Dash confronting Daniels’ over the cash surfaced on the Internet final yr.
Although it wasn’t revealed how a lot Daniels paid Dash, clearly it is sufficient to clear off a hefty debt for Dash.