Judge Denies Damon Dash, Claims Jay-Z Won't Let Him Sell Roc-A-Fella Stake

Damon Dash just took another L in court at the hands of Roc-A-Fella and Jay-Z ... but their legal war's far from over, and they could be duking it out again soon.

A federal judge just shot down Dash's bid to get a temporary restraining order which would have blocked Friday's meeting of the record label's shareholders -- a meeting where Dash claimed Jay would try to pass bylaws restricting Dame's ability to sell his stake in RAF.

According to legal docs, obtained by TMZ, Dash says he's trying to sell his 1/3 interest in Roc-A-Fella, but claims Jay's trying to do anything he can to block him.

Dash claims he recently learned of a Friday afternoon meeting between Jay and the third RAF founder, Kareem Burke, and he raced to court to get a judge to stop it.

But, the judge denied DD ... and instead, told him he could sue later if he takes issue with whatever comes out of Friday's meeting.