×
43 013
Fashion Jobs
ALICE AND OLIVIA
Sales Supervisor - Town Center at Boca Raton
Permanent · Boca Raton
TIFFANY & CO
Coordinator, Human Resources
Permanent · New York
ROSS STORES
District Manager
Permanent · San Diego
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - (Henry Town) - Mcdonough, ga
Permanent · McDonough
BOBBI BROWN
Manager, Marketing - jo Malone London & Editions de Parfum Frédéric Malle, Travel Retail Worldwide
Permanent · New York
OLD NAVY
Loss Prevention Agent - Four Flaggs
Permanent · Niles
OLD NAVY
Unassigned Assistant Manager, Merchandising - The Plaza at Citrus Park
Permanent · Tampa
OLD NAVY
Assistant Manager, Customer Operations - Towne Ctr @ Laurel
Permanent · Laurel
OLD NAVY
Assistant Manager, Customer Operations - Memorial City Mall
Permanent · Houston
OLD NAVY
Assistant Manager, Merchandising - Freeport Vlg Station
Permanent · Freeport
OLD NAVY
Assistant Manager, Merchandising - sf Premium Outlet
Permanent · Livermore
OLD NAVY
Assistant Manager, Customer Operations - Arrowhead Crossing
Permanent · Peoria
OLD NAVY
Assistant Manager, Merchandising - Vintage Oaks
Permanent · Novato
OLD NAVY
Assistant Manager, Merchandising - Marketplace @ Hamden
Permanent · Hamden
OLD NAVY
Assistant Manager, Customer Operations - Lancaster Tanger
Permanent · Lancaster
OLD NAVY
Assistant Manager, Product Operations - Market at Birdcage
Permanent · Citrus Heights
OLD NAVY
Assistant Manager, Merchandising - Poyner Place
Permanent · Raleigh
OLD NAVY
Assistant Manager, Customer Operations - Holly Springs Towne Center
Permanent · Holly Springs
OLD NAVY
Assistant Manager, Customer Operations - Market at Birdcage
Permanent · Citrus Heights
OLD NAVY
Assistant Manager, Customer Operations - Lycoming Mall
Permanent · Pennsdale
OLD NAVY
Assistant Manager, Merchandising - Downtown Crossing
Permanent · Boston
OLD NAVY
Assistant Manager, Customer Operations - Daytona Beach Tanger
Permanent · Daytona Beach

Jay-Z, Iconix settle lawsuits over licensing, alleged fraud

By
Reuters
Published
today Nov 14, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jay-Z and Iconix Brand Group Inc have settled a series of legal disputes arising from transactions between the rapper and the clothing licensing company dating back to 2007.


Jay Z



In a Wednesday regulatory filing, Iconix said it agreed to sell some intellectual property assets to Jay-Z’s Roc Nation LLC and membership interests in his Marcy Media Holdings LLC affiliate, in exchange for $15 million.

Iconix said both sides also agreed to drop all claims against each other, without admitting wrongdoing or unlawful conduct.

Lawyers for Jay-Z and Roc Nation did not immediately respond to requests for comment.

Jay-Z, 49, whose legal name is Shawn Carter, is worth $1 billion, a fortune he built through his music, Roc Nation, the streaming service Tidal, Armand de Brignac champagne, and investments such as Uber, Forbes magazine said.

The settlement ends an April 2017 lawsuit in the federal court in Manhattan in which Iconix accused Jay-Z of infringing trademarks it acquired a decade earlier in a $204 million purchase of his Rocawear clothing brand.

It also resolves a private arbitration related to that sale, and a July 2019 lawsuit in a New York state court in Manhattan in which Jay-Z accused Iconix of fraudulently doing business with Roc Nation as part of a “colossal accounting scandal.”

Iconix has written off almost the entire value of the Rocawear brand. It said on Tuesday it took a $5.5 million charge after agreeing in principle to resolve a U.S. Securities and Exchange Commission probe into its writedowns.

The arbitration drew additional attention after Jay-Z complained that too few African-American arbitrators had been eligible to hear the case. He dropped his objection once enough arbitrators were found.

Iconix is based in New York, and has dozens of brands including Candie’s, Danskin, Fieldcrest, Joe Boxer, London Fog, Mossimo, Pony and Starter.
Jay-Z is married to pop star Beyonce, and known for such songs as “Hard Knock Life,” “99 Problems” and “Big Pimpin.”

The cases are Iconix Brand Group Inc et al v Roc Nation Apparel Group LLC et al, U.S. District Court, Southern District of New York, No. 17-03096; Iconix Brand Group Inc et al v Carter et al, American Arbitration Association, No.

01-18-0003-6487; and S. Carter Enterprises LLC et al v Iconix Brand Group Inc et al, New York State Supreme Court, New York County, No. 653858/2019.

© Thomson Reuters 2019 All rights reserved.