Bacardi Fires Back at Jay-Z’s Lawsuit Over Cognac Joint Venture

A Bacardi Ltd. subsidiary moved to join—and end—a lawsuit brought by Jay-Z over fears that the global liquor giant is intentionally tanking their cognac-making joint venture, D’Usse LLC, as part of a scheme to lower the price of a buyout the music mogul has demanded.

Empire Investments Inc., a wholly owned subsidiary of Bacardi International Ltd., sought to formally intervene in the dispute, which a Jay-Z affiliate initiated Oct. 17 with a sealed filing in Delaware’s Chancery Court. Although the Bacardi court papers are largely sealed, one publicly available filing indicated Empire has also moved to dismiss the case.

The ...