Jay-Z Ordered to Appear in Court Over SEC Rocawear Probe

Jay-Z is in some legal hot water. The rapper, also known as Shawn Carter, was ordered to appear in court by a New York judge over a federal probe into Iconix Brand Group, which owns the rapper’s Rocawear clothing line, according to the New York Post. Carter was ordered to appear in court next week by Judge Paul Gardephe to “explain why he shouldn’t have to testify” in the Iconix probe. The Securities and Exchange Commission has been investigating Iconix’s accounting while it acquired Carter’s brand, and the rapper has reportedly disregarded two subpoenas in the past six months. Meanwhile, Jay-Z’s company, S. Carter Enterprises, is being sued by a Scandinavian law firm and a financial institution over unpaid fees related to his purchase of music service Tidal, the New York Daily News reported. Law firm Roschier Advokatbyra AB and finance company Skandinaviska Enskilda Banken allege in the lawsuit filed Thursday that they’re still owed nearly $600,000 in fees from the thousands of hours they spent putting together the Tidal deal. “JAY-Z and Tidal's co-owners have been described as ‘the 1% of pop music artists who ‘do not answer to corporations,’” the lawsuit reads. “Alas, that approach apparently extends to Carter Enterprises' bills for the services that facilitated JAY-Z's ownership of Tidal.”