USA: Jay-Z ordered to appear in court over clothing brand sale

Rap mogul Jay-Z is set to testify over the sale of his former clothing brand Rocawear to Iconix Brands in 2007, after he was issued a subpoena by a New York City court on Tuesday. The hearing is scheduled for May 15. Footage from outside Manhattan Federal Court shows Jay-Z's lawyer Alex Spiro leave the building without releasing any statements on the matter. Iconix paid about $200 million... Еще (€146.2 million) to purchase assets from Rocawear. The Securities and Exchange Commission opened an investigation after Iconix wrote down almost the entire value of its holding in 2017.

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