Jay Z - Jay-jay Z's Fashion Firm Sued Over Outstanding Bill

Bosses at Jay Z's Rocawear clothing label are facing legal action over allegations they failed to settle an invoice amounting to $450,000 (£290,323).

Executives at Iconix Brand Group, which purchased the company from the rap superstar in 2007, are alleged to have ordered a collection of goods from wholesale specialists iSource Nyc, which were manufactured in Pakistan and shipped to the U.S. last summer (12).

According to a new lawsuit, the balance of the $1 million (£645,161) order remains outstanding.

The plaintiffs are demanding the $450,000 payment in addition to nine per cent interest for the overdue invoice, reports the New York Post.

The 99 Problems hitmaker remains a shareholder and is still in charge of product development, marketing and licensing for Rocawear.


Contactmusic

Tags: Jay Z


Editors Recommendations

Sexual Abuse Scandal And Lawsuit Spread Out Over Three More Hollywood Execs

The sexual abuse lawsuit against producer/director Bryan Singer is now spreading...

Bryan Singer - Sexual Abuse Scandal And Lawsuit Spread Out Over Three More Hollywood Execs

'Game of Thrones' Disturbing Scene Change: Was That Really Necessary?

For some people this past Sunday marked Easter, for others – a new Game of Thrones episode...

'Game of Thrones' Disturbing Scene Change: Was That Really Necessary?

Danny Boyle Is Perfect for Steve Jobs Movie - But Leonardo DiCaprio?

Danny Boyle is in talks to direct Aaron Sorkin's Steve Jobs movie, which could...

Danny Boyle Is Perfect for Steve Jobs Movie - But Leonardo DiCaprio?

Johnny Depp's 'Transcendence' Bombs On Opening Weekend

Johnny Depp’s new movie Transcendence has bombed, taking just $11.5 million...

Johnny Depp's 'Transcendence' Bombs On Opening Weekend

Surprise! Joss Whedon's 'In Your Eyes' Is Available To Rent Now On Vimeo

Avenger’s director Joss Whedon is known for surprising his fans and today he’s...

Surprise! Joss Whedon's 'In Your Eyes' Is Available To Rent Now On Vimeo

#Oscars2015? Zadan And Meron To Produce Academy Awards For Third Consecutive Year

The directorial duo Craig Zadan and Neil Meron have become favorites around Hollywood...

#Oscars2015? Zadan And Meron To Produce Academy Awards For Third Consecutive Year

Khloe Kardashian And French Montana Spend Weekend Together In NYC

Khloe Kardashian and rapper French Montana have been spotted spending...

Khloe Kardashian And French Montana Spend Weekend Together In NYC

Jay-Z Victim Of Extortion As Unheard Recordings Held For Ransom

Jay Z has found himself the victim of a theft and extortion plot worth millions after a former...

Jay-Z Victim Of Extortion As Unheard Recordings Held For Ransom

Tom Hanks + Steven Spielberg = One Potentially Incredible Cold War Thriller

Tom Hanks has become attached to a forthcoming cold war thriller from DreamWorks...

Tom Hanks + Steven Spielberg = One Potentially Incredible Cold War Thriller


More recommendations

Comments

Jay Z Newsletter

Subscribe to this news alert service to receive news and reviews on Jay Z

Unsubscribe | Unsubscribe All