Tuesday, March 24, 2009

NO MONEY, MO' PROBLEMS FOR DAME DASH

We'll pretend like we didn't see this one coming.

Roc-A-Fella Records and Rocawear co-founder, Damon Dash has been slapped with divorce papers by wife Rachel Roy. The stunning fashion designer piled onto Dash’s already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined to comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for “nonmonetary relief” and should be resolved by February. Dash and Roy, who put her own name on a women’s fashion line, got hitched in Mexico in January 2005. They met when Roy was working at Rocawear and have two daughters. The breakup is the latest legal mess for the has-been hip-hop titan, whose empire - which he once pegged at “about $50 million” in a New York magazine profile - has crumbled under massive debt, bad business deals and one suit after another. Dash, who in 2005 sold his stake in Rocawear to Jay-Z for $20 million, owes $2 million in state taxes, and a bank has started foreclosure proceedings on his two Tribeca condos.