Jay-Z's business entities sued a New York City licensing firm, claiming it cheated the companies as part of a "colossal accounting scandal." The lawsuit accuses Iconix Brand Group Inc. of lying about its finances when it made deals with the rapper's Roc Nation apparel company. There was no immediate response to a phone message Friday seeking comment from Iconix. Jay-Z, who's given name is Shawn Carter, was questioned behind closed doors last year about the fraud allegations by the Securities and Exchange Commission. The suit says Jay-Z's companies "have incurred substantial legal expenses in connection with, among other things, the federal government's investigations into Iconix's massive fraud."

Source: ABC News July 05, 2019 16:16 UTC