Cameras caught him leaving the courthouse late this afternoon.READ MORE: FBI Executes Search Warrant At Home Of Gabby Petito's Fiancé Brian Laundrie
Jay-Z sold his Rocaware apparel brand to Iconix more than 10 years ago for about $204 million.READ MORE: Yonkers Police: 2 Men Dead After One Jumps Off Building And Hits The Other 12 Stories Below
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: New York City Public Schools To Increase COVID Testing, Relax Quarantine Rules
Rocawear was founded in 1999 by Jay-Z and business partner Damon Dash to sell streetwear and accessories.