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JAY-Z’s lawsuit against Bacardi may be more than $2 billion!
Jay is currently suing Bacardi over their D’USSÉ cognac brand, and centers around Bacardi’s financial transparency regarding their partnership. He demanded Bacardi open up their books to reveal the “location of all warehouses storing D’USSÉ barrels, bottles and accessories,” as Jay-Z is accusing Bacardi of intentionally mismanaging the brand to purchase his 50 percent share at a discount.
Bacardi claims it already submitted more than 800 pages of financial records, but further documents are off limits because they contain information that is separate from D’USSÉ.
SC Liquor owner of Bacardi Inc has been granted an emergency hearing against Jay-Z's Empire Investments Inc., scheduled to take place in early December.