The brand new Las Vegas outpost of Jay-Z's 40/40 Club is not in the rapper/mogul's long term business plan. He sold the 24,000 square foot club for an undisclosed amount. The 40/40 franchise has been nothing but trouble lately for Jay, who has fielded several lawsuits from disgruntled employees. [UPI]

The New York Post is reporting that rapper turned record mogul Jay-Z is currently in talks with the Las Vegas Sands Corporation – owner of the Venetian – to sell it a 50 percent stake in his 40/40 nightclub company. The deal is allegedly worth $44 million.

Life is full of ups and downs. Jay-Z just had an up — despite the naysayers, he performed a successful set at England's infamous Glastonbury Music Festival. Now for the down. A judge just ordered Jay-Z and co to hand over the names of every 40/40 club employee over the last three years to make way for a class action lawsuit. The original suit was brought on by a former employee who said the NYC branch of the club did not pay her overtime or minimum wage. As of now, between 10 and 20 former employees have joined the suit. [NYP]