Monday, February 25, 2008

Kool Herc sues Jay-Z for $5 Billion

according to the new york observer.. Kool Herc is suing Jay and a Bruce Ratner due to some sort of project building.. read the story here.

Mr. Ratner, Jay-Z, and Barclay’s are all linked through the $4 billion Atlantic Yards project in Brooklyn, for which Mr. Ratner plans to build a Frank Gehry-designed basketball arena for the Nets and more than 6,000 apartments. Jay-Z, a partial owner of the Nets, has been a major supporter of the project, appearing at press conferences to tout its merits. Barclays owns the naming rights to the arena, and has been accused of having links with the slave trade—an accusation the bank denies.

In the claim, Mr. Campbell said that Mr. 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.”