According to Reuters, Jay-Z has filed a lawsuit against Highland Capital Management LP and NexBank SSB for a business venture gone wrong. Hova took out a five-million dollar loan to establish J Hotels, however when the real estate market tanked, he tried to give the land away to avoid foreclosure. Jay claims the “defendants embarked on a bad faith course of conduct” by not taking the land immediately, which resulted in interest fees on the loan for the mogul. Jay is seeking 3.7-million in damages.