BTN STAFF
Last Friday, (July 5th) in a Manhattan state court, JAY-Z filed a suit against Iconix Brand Group Inc. The suit claims that the company provided bogus financial reports when it made a deal with Roc Nation apparel company in 2013. “A massive years-long fraud perpetrated by Iconix and its affiliates to amass a portfolio of trademarks under false pretenses, in the process defrauding its licensees and partners, and setting off a colossal accounting scandal the depths of which are still being uncovered.” the suit stated. To read more about this story click here.