A company backed by music mogul Jay-Z filed suit in Delaware over concerns that an affiliate of Bacardi Ltd. is intentionally mismanaging their Cognac-making joint venture, D’Usse LLC, so the global liquor giant can buy out the company at a discount.
The lawsuit, made public late Thursday, seeks internal files from D’Usse, which is managed by Empire Investments Inc., a wholly owned subsidiary of Bacardi International Ltd. It was filed by SCLiquor LLC, an entity owned and controlled by Jay-Z, whose given name is Shawn Carter.
The suit seeks to investigate allegations that Empire has for years “artificially held D’Usse ...
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