Damon Dash sues Lee Daniels for $25 million for allegedly no return on millions in investment money

By Gina DiFalco,

Hip hop mogul Damon Dash has launched a $25 million lawsuit against director Lee Daniels, claiming he invested in a handful of his films but never saw got any return of investment.

Dash also claims in the lawsuit that Daniels stiffed him for producer and executive producer credits in films like The Woodsman, which he put $2 million into, Precious The Paperboy and The Butler.

According to TMZ, a rep for Daniels is denying any of Dash's claims, calling the lawsuit "completely without merit."

An attorney for Dash told the New York Post, “It’s very upsetting because there was a certain point where Lee was up-and-coming and Damon, as a music mogul and producer, really saw potential. Lee went on to a very successful career and all Damon wants is what he’s rightfully entitled to.”

He’s also suing talent manager Simone Sheffield for $1 million, who he claims defamed him to film and television executives.

Dash is reportedly having some financial issues, recently being evicted from one of his homes in New York.

image via RJ Capak/INFevents.com

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