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*Lawyers for Jay-Z say the Securities and Exchange Commission has gone on a “celebrity hunt” by demanding the rapper submit to unlimited questioning about various businesses, according to Billboard.
As previously reported, the SEC is investigating the Iconix Brand Group to learn if federal securities laws were violated when the company reported financial results. Jay-Z sold his Rocawear apparel brand to Iconix over a decade ago.
Jay’s lawyers wrote in a court filing Monday that he has agreed to testify for a full day before the regulatory agency but is opposing appearing for as many days as the SEC would like.
The court filing was made in advance of today’s hearing on the matter in Manhattan federal court, scheduled by U.S. District Judge Paul Gardephe.
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