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Hip-hop mogul Jay-Z will not have to dig into his piggybank to pay $68 million to a perfume company for failing to promote his signature fragrance, a Manhattan jury ruled Wednesday - bringing to an end a saga that began five years ago.
The perfume company Parlux had filed the the breach of contract suit in 2016 after accusing Jay-Z - whose real name is Shawn Carter - and his company S. Carter Enterprises of failing to promote his fragrance Gold Jay Z.
Following a three-week trial and two hours of deliberation, jurors found him not liable for the hefty claim.
The jury also rejected Jay-Z's $6 million countersuit for alleged unpaid royalties.
'You failed to prove your case, they failed to prove their case,' Manhattan Supreme Court Justice Andrew Borrok said after reading the verdict.
'You're excused,' he told the jury.
Jay-Z, wearing a black suit and sunglasses, walked out of the courtroom delighted after jury ruled he didn't have to pay $68 million in breach of contract suit brought by perfume company
The hip-hop mogul was all smiles as he left Manhattan Supreme Court on Wednesday
The 2016 lawsuit was filed by the fragrance company Parlux after he it accused him of failing to promote his product Gold Jay Z
