Cameras caught him leaving the courthouse late this afternoon.READ MORE: Pro-Palestine, Pro-Israel Protesters Clash In Manhattan Over Escalating Crisis In The Middle East
Jay-Z sold his Rocaware apparel brand to Iconix more than 10 years ago for about $204 million.READ MORE: Caught On Camera: Man Attacks, Robs Father And Son After Fender Bender In Queens
In March 2016, Iconix announced a $169 million write down of Rocawear, and in March of this year, it made a further write down of $34 million.
Lawyers for Jay-Z say the SEC has gone on a “celebrity witch hunt” by demanding that he submit to unlimited questioning about his various business interests.
The mogul was expected to be asked about the value of the Rocawear trademark following the sale, during which he stayed on to oversee marketing and product development, according to The Guardian.MORE NEWS: Itching To Travel? Experts Offer Tips On Where To Go & How To Get There
Rocawear was founded in 1999 by Jay-Z and business partner Damon Dash to sell streetwear and accessories.