Rapper turned mogul Jay Z isn’t involved in the NBA any longer after he sold any remaining shares so he could start Roc Nation Sports, but his affiliation with the Brooklyn Nets at one time has him named in a recent lawsuit.
According to Radar Online, the NBA along with Jay are being sued over the Brooklyn Nets trademark which Dr. Francois de Cassagnol says he came up with before the Nets and Jay Z.
RadarOnline.com has exclusively learned that the rapper and businessman has been named as a defendant in a $600M lawsuit by a disgruntled entrepreneur who claims that he trademarked the name “Brooklyn Nets” long before the NBA team ever moved out of New Jersey.
He’s requesting $600 million in damages.
Cassagnol says he spoke with the NBA prior to the move and was told that the team would likely be named the ‘New York Nets’ but the NBA claims no such thing happened. In addition, a previous appeal to the Patent Office found the NBA was in the right and there was no wrong doing on their part.