(CNN) A federal judge has ordered Shawn Carter, better known as Jay-Z, to explain why he shouldn't have to testify in an SEC probe into Iconix, the company that now owns the Rocawear clothing brand he co-founded. Carter must appear in a Manhattan court room on May 8 to make his case, according to a court document made public Thursday. The SEC said it asked a federal judge to step in after Carter ignored two subpoenas requesting his testimony. Carter is not the focus of the SEC probe. The SEC says Carter and Iconix "maintained publicly-disclosed partnerships related to the Rocawear brand" after the sale.

Source: CNN May 03, 2018 21:22 UTC