Hip-Hop mogul Jay-Z may not be having as great a year as many would assume.
The Grammy winner, along with real estate developer Bruce Ratner and Barclays Bank, has just been slammed with a whopping $5 billion dollar lawsuit from one of Hip-Hop's founding fathers, Clive Campbell, best known as DJ Kool Herc.
According to the New York Observer, Jay-Z, Ratner, and Barclays Bank are all part of the $4 billion Atlantic Yards Project in Brooklyn, New York.
Bruce Ratner has his sights on building a basketball arena for Jay-Z's Nets and more than 6,000 apartments in downtown Brooklyn.
Barclays Bank owns the naming rights to the arena, and has been accused of having links with the slave trade—an accusation the bank denies.
According to the suit, Campbell is seeking $5 billion for slavery reparations claiming Ratner and Jay-Z worked “in concert” with Barclays, and “profited from the African Slave Trade and continue to profit from these gains, through a conspiracy dating back hundreds of years and continue to date to oppress Black people, enslave them, unlawfully deport them to all corners of the Earth.”
No statement from Jay's camp has been released.
Source: HipHop-Elements.com
The Grammy winner, along with real estate developer Bruce Ratner and Barclays Bank, has just been slammed with a whopping $5 billion dollar lawsuit from one of Hip-Hop's founding fathers, Clive Campbell, best known as DJ Kool Herc.
According to the New York Observer, Jay-Z, Ratner, and Barclays Bank are all part of the $4 billion Atlantic Yards Project in Brooklyn, New York.
Bruce Ratner has his sights on building a basketball arena for Jay-Z's Nets and more than 6,000 apartments in downtown Brooklyn.
Barclays Bank owns the naming rights to the arena, and has been accused of having links with the slave trade—an accusation the bank denies.
According to the suit, Campbell is seeking $5 billion for slavery reparations claiming Ratner and Jay-Z worked “in concert” with Barclays, and “profited from the African Slave Trade and continue to profit from these gains, through a conspiracy dating back hundreds of years and continue to date to oppress Black people, enslave them, unlawfully deport them to all corners of the Earth.”
No statement from Jay's camp has been released.
Source: HipHop-Elements.com
