$20 Lawsuit Filed Against Jay-Z’s Roc Nation Sports

The NY Daily News reports that Jay Z’s Roc Nation Sports is facing a $20 million lawsuit after attempting to lure away boxer Demetrius Andrade despite already being signed with another promoter.

The reports outline that Bronx-based promoters Joe DeGuardia of Star Boxing and Artie Pelullo of Banner Promotions filed a $20 million lawsuit last Wednesday (July 29) in New York State Supreme court alleging that Jay Z’s Roc Nation Sports “intentionally interfered with an Exclusive Promotional Agreement” it has with Demetrius Andrade.

According to a copy of the complaint obtained by the NY Daily News, Andrade was offered $550,000 from Jay Z’s Roc Nation Sports to reject a fight that DeGuardia and Pelullo had negotiated with Showtime under the guise that Roc Nation would buy him out of his contract and become his new promoter. But when it was all said and done Andrade never received the money he was promised by Roc Nation, which also never purchased his contract from DeGuardia and Pelullo.