Hova launched a lawsuit against Bacardi, and now $2 billion may be up for dispute in the suit over Hov and Bacardi’s business relationship for D’Usse.
An arbitrator in the case—Daniel Schimmel, allegedly cited the $2 billion as part of his work history on the website of his law firm. Schimmel said:
“Chair of an ICDR Tribunal with a seat in New York in an arbitration between members of a Delaware limited liability company. The amount in dispute exceeds US$2 billion.”
Court documents acquired by Complex noted that Schimmel is one of the original arbitrators in Jay-Z’s 2018 lawsuit against Iconix Brand Group. SC Liquor LLC was granted an emergency hearing against Bacardi’s subsidiary Empire Investments Inc. The hearing is supposed to happen at the beginning of December. In the suit filed against Bacardi by SC Liquor LLC, Hov’s company claims Empire “artificially held D’Usse back from achieving its full potential.”