00:00XJZ partner loses film company for $100 in attempt to cover $1 million defamation debt.
00:08Damon Dash's entire film catalog was sold at a New York courthouse auction for $100.50 on December 30, 2025.
00:18Only one bidder, Muddy Water Motion Pictures CEO Mike Montazor,
00:23bought Poppington LLC to address nearly $1 million in defamation judgments.
00:30The sparse turnout reflected liens, and nearly $973,000 Dash owed Montazor from Deer Frank defamation litigation.
00:40After the gavel fell, Montazor didn't hold back.
00:44He called Dash a fool and said the purchase was a deliberate jab after years of litigation,
00:51aimed at settling scores with someone he said refused to resolve disputes maturely.
00:56In 2022, a judge ordered Dash to pay $800,000 to Montazor and Josh Weber over Deer Frank.
01:04After the fall 2025 Breakfast Club comments, they sued again.
01:10Dash filed for bankruptcy in September 2025, claiming a few thousand in assets against about $25 million.
01:18At least $5 million of his debts stemmed from civil suits alone.
01:24Black Enterprise called Poppington a distressed asset,
01:28whose attached liens made a full film catalog worth less than a premium coffee.
01:33Poppington controlled Honor Up, with Dash, Cameron, and Stacey Dash, plus two honorable.
01:41Welcome to BlackRock, and We Went to China, Our Search for Like-Minded Individuals.
01:46In November 2024, Dash's one-third Rockefeller stake was sold for $1 million,
01:53with New York State taking ownership to recover $8.7 million and partial, reasonable doubt rights.
02:01Before filing for bankruptcy in September, Dash faced possible jail time for failing to pay court-ordered debts.
02:09His attorney suggested the filing was a strategic move and warned that creditors would continue pursuing collections even after the auction.
02:17From the $100.50 sale, Brown's clients owed $150,000, received $33.50,
02:27showing the auction barely dented roughly $1 million in obligations.
02:33The Poppington auction was at least the second New York court had ordered a sale to satisfy unpaid judgments,
02:39with more seizures possible, with more seizures possible.
02:42As of January 2026, Monteser and Weber's third defamation suit over Dash's Breakfast Club remarks remained pending.
02:50The $100.50 hammer price became a public reckoning,
02:54proving judgments can drain recognizable catalogs of practical value.
Comments