Jay Z is accused of refusing to cooperate with the Securities and Exchange Commission for their investigation of the brand that bought Roc-A-Wear...
According to reports Jay Z has been subpoenaed after refusing to comply with two prior requests to testify for an SEC investigation of Iconix.
The SEC began investigating Iconix' accounting practices after they wrote down the value of Rocawear by $169 million in March 2016 and another $34 million this year.
Iconix, who also own Candie’s and Joe Boxer, purchased Roc-A-Wear for $200 million back in 2007.
