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Will Jay Z Lose His Fortune?

Will Jay Z Lose His Fortune?
Posted March 20th, 2014 @ 6:00am

Jay-Z, is being sued for $600 million over the use of the name "Brooklyn Nets,". Dr. Francois de Cassagnol says he registered the name more than a decade ago. He even claims that before the team moved to Brooklyn, he spoke with officials at the New Jersey Nets organization and the NBA who assured him that the team would not use the term “Brooklyn Nets,” but would most likely opt for “New York Nets.” Unfortunately, he claims, “It was pure mismanagement of the facts.”


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