Jamal "Shyne" Barrow lost his chance yesterday at a new trial for the 1999 Club New York shooting.

On Tuesday, a five-member panel of a state appeals court unanimously ruled that a jury verdict finding Shyne, 26, guilty of firing his gun in the Times Square night club was supported by evidence provided at the first trial.

While out in the club with Sean "P. Diddy" Combs and his then girlfriend -actress Jennifer Lopez, Shyne shot his gun following a dispute between the mogul and a club patron. He was convicted of assault, weapons possession and reckless endangerment and sentenced to 10 years in prison. Diddy and his bodyguard Anthony Jones were acquitted of gun charges.

The ruling comes two months after Shyne's assets were frozen by the Brooklyn Supreme Court. Back in March, Justice Michael Garson ordered that any revenue Shyne generates from his deal with Island Def Jam records and recording material be held in a bond until verdicts have been reached in the civil suits filed by the shooting victims. Garson also cited the state's revised "Son of Sam Law," in his decision to freeze Shyne's funds. The law requires inmates be barred from profiting from their crimes

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Over two years after the initial verdict, a court threw out a $54 million damage award against Island Def Jam yesterday.

Back in May of 2003, Def Jam had been ordered to pay $132 million in damages to New York-based TVT Records in regards to an unreleased album by Ja Rule's Cash Money Click. The huge payment was initially awarded after a jury found that Def Jam prevented the Cash Money Click album from being released and nearly bankrupt TVT.

However, the U.S. 2nd Circuit Court of Appeals dismissed TVT's interference and fraud claims. Manhattan Federal Judge Victor Marrero later cut the damages down to $54 million
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