Jay-Z Lawyers: SEC Probe Has Become a 'Celebrity Hunt' - NECN

Jay-Z Lawyers: SEC Probe Has Become a 'Celebrity Hunt'

The SEC has said it is investigating the Iconix Brand Group to learn if federal securities laws were violated when the company reported financial results

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    Clear the Air
    Michael Zorn/Invision/AP, File
    In this Jan. 27, 2018, file photo, honoree Jay-Z speaks onstage at the 2018 Pre-Grammy Gala And Salute To Industry Icons at the Sheraton New York Times Square Hotel in New York.

    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.

    The 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.

    A hearing on the matter is set for Tuesday in Manhattan federal court.

    The court filing was made in advance of the hearing scheduled by U.S. District Judge Paul Gardephe.

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    The SEC has said it 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.