Jay-Z is concerned that the SEC's request is "driven more by governmental fascination with celebrity and headlines than by any proper investigative purpose," the lawyers wrote Monday in a submission at Manhattan federal court. The judge also set a hearing for Tuesday, though it was unclear whether Jay-Z will be there or just his lawyers. The SEC said Jay-Z and Iconix continued some business partnerships after the sale, and that the Rocawear-related assets are among the financial results under scrutiny. They said the SEC has issued nine subpoenas to Jay-Z, his colleagues and his affiliated businesses, and that nearly 11,000 pages of materials have been submitted. The lawyers wrote that the chief operating officer of two of Jay-Z's businesses has already testified for a full day before the SEC.

Source: CBC News May 07, 2018 14:26 UTC