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Jay-Z’s Attorneys Say SEC Subpoena Is Weapon in ‘Celebrity Hunt’

  • Lawyers seek dismissal of order to testify in Iconix probe
  • Hip-hop mogul sold Rocawear assets to company 11 years ago
Bloomberg business news
Jay-Z's Lawyers Accusing SEC of Engaging in "Celebrity Witch Hunt"

Lawyers for Jay-Z are accusing the U.S. Securities and Exchange Commission of engaging in a “celebrity hunt” by trying to compel the hip-hop mogul to testify in the agency’s probe of a firm he did business with more than a decade ago.

Jay-Z, whose given name is Shawn Carter, was willing to testify for a full day, but not “day-to-day until completed” as the SEC is seeking, his attorneys wrote in a court filing dated Monday. The lawyers cited Jay-Z’s concern that the agency’s request “is driven more by governmental fascination with celebrity and headlines than by any proper investigative purpose.”