Judge Rules Nash in Contempt Of Court in REA Case

The long-running legal fight between Robert Edward Auctions and Peter Nash has resulted in contempt charges against the former rap star.  A Manhattan Supreme Court Justice is giving Nash and his wife two months to produce tax returns and other financial documents or face arrest.

A court issued a $760,000 judgment in favor of REA in 2008 and attorneys for the auction house have been in court attempting to collect the remainder of what was a $1 million loan the auction house provided to the man who was once a client.

The New York Daily News has the latest developments.