The hip - hop mogul is the target of a SEC enforcement subpoena after failing to testify as part of an agency investigation of accounting practices at Iconix Brand Group Inc., which paid $ 200 M to acquire assets from
his Rocawear apparel brand in 2007.
Iconix paid Jay - Z more than $ 200 million to acquire intangible assets associated with
his Rocawear apparel brand, the SEC said in a Thursday announcement.
The hip - hop mogul, whose given name is Shawn Carter, is the target of a Securities and Exchange Commission enforcement subpoena after failing to testify as part of an agency investigation of accounting practices at Iconix Brand Group Inc., which paid $ 200 million to acquire assets from
his Rocawear apparel brand in 2007.
Not exact matches
The Securities and Exchange Commission wants to hear from Jay - Z in a case involving a
brand management company's acquisition of his
Rocawear apparel business.