The Wall Street regulator filed the action against Shawn Carter, known artistically as Jay-Z, in federal court in the Southern District of NY as part of an ongoing case investigating the financial reporting of New York-based Iconix Brand Group.
The SEC said its quest to put Jay-Z on the stand "does not reflect a determination" that the rapper "has violated provisions of the federal securities laws at issue in the investigation".
Two years ago, Iconix wrote down $169 million of Rocawear and this year it wrote down another $34 million, according to SEC filings. That judge has now ordered the rapper to appear in Manhattan Federal Court to disclose details stemming from a suspicious $200 million acquisition by Iconix Brand Group in 2007.
Iconix, which sells retail brands Candie's and Joe Boxer, has been under SEC investigation over its accounting practices since December 2015. "Mr. Carter had no role in that reporting or Iconix's other actions as a public company", the 48-year-old music mogul's representative told ABC News.
US Judge Paul Gardephe promptly obliged, ruling that the SEC has given sufficient cause to compel Jay-Z to testify. A subpoena was initially issued by the SEC in November 2016.
Simply asserting he does not have relevant information will likely not be enough for Carter to be allowed to ignore the subpoena, Chase said. "If respondent Carter refuses to appear on the appointed date and time, the Commission will have established a prima facie case of civil contempt against him, and he may be held in civil contempt for failure to comply with the Order without further notice or hearing", the order said.
Court documents list Jay-Z's attorney as Alexander Spiro, who is now representing the artist in a legal dispute with Iconix over the $200 million deal. Shares for the company are down almost 7% in trade today after this news.
He said on Saturday he would be back. "Whatever it takes, I wouldn't miss this series for the world", Brown said Saturday night. They will not have that valued home-court benefit in the best-of-seven ... at least until they win a game in Boston.
Watford remain on 38 points, likely enough for another season in the top flight - but too close for comfort. Last season Kane was three goals behind Romelu Lukaku and ended up finishing with four goals ahead.
Putin of Russian Federation . "Many things included here are from my documents, my personal documents", Veselnitskaya said. In a July 2017 interview with The Wall Street Journal , Veselnitskaya said she "personally" knows the prosecutor general.
Perhaps the most important new feature is augmented reality in Messenger - and it could seriously bring AR to the masses. In addition to basic AR functionalities, the Camera Effects Platform is coming to Instagram , in a closed beta for now.
Not only did he help bring the shooting to an end, but Shaw also continued to provide assistance in the wake of the tragedy. Shaw has been showered with praise over the last week from almost all corners of the globe, except from the White House.
The investigation found that leaks were used "to sow discord in the USA presidential election", which began before Election Day. The panel also recommended the executive branch "crack down" on leaks by conducting polygraphs.
I don't know who those people think they are, that she can't say that to them, 'cause they offend people all the time . And she is mean , which is what we love about her. "And you had a black man up on the soap box, how he cussed".
Trump's legal team". "We all on both sides have some important decisions to make", Giuliani told the Post . The lack of security clearances could further complicate already sensitive talks with Mueller's team.
The team you want to win - or the team you are playing for - will determine what you want to see here. "It's behind the post". The Washington Capitals are averaging 3.1 goals per game and are scoring on 22.5 percent of their power play opportunities.
The nonviolent protests demanding the right for Palestinian refugees to return to their land began on March 30. A majority stay in or near five tent camps, each set up several hundred meters (yards) from the border fence.
Barca went into the match knowing a point would be enough to see them regain the trophy with four matches still to play. Great season and next year to try to improve what has not been done well. "It's my first league title with Barcelona ".
Flipkart-Walmart deal talks in final stages
The Walmart-Flipkart combine also has the potential to make a global entity, by replicating the model outside India as well. The transaction could be structured in such a way that Walmart increases its ownership in Flipkart over time, they said.
Nadal's magic on clay continues
Rafael Nadal has won this year's Barcelona Open against Greek opponent Stefanos Tsitsipas , retaing his world number one ranking. Nadal on Saturday defeated David Goffin 6-4, 6-0 for his 400th win on clay, reaching the Barcelona Open final for the 11th time.
Top T-Mobile US, Inc. (TMUS) Shareholders For 12/31/2017
The firm earned "Hold" rating on Thursday, September 24 by S&P Research. (NASDAQ: TMUS ) on Thursday, July 20 with "Buy" rating. The company was maintained on Monday , July 17 by Macquarie Research. (NASDAQ: TMUS ) on Monday , November 27 to "Buy" rating.
Airstrikes Hit Syrian Military Bases, Israel Suspected
Syria has been gripped by civil war since March 2011 with various terrorist groups now controlling parts of it. The Israeli government does not generally take credit for airstrikes, and Israel and Iran are sworn enemies.
Stormy Daniels Just Dropped Another Lawsuit On President Trump
Daniels claims the man told her to "Leave Trump alone" and then looked at her infant daughter and added, "A handsome little girl". Cohen is under federal investigation for matters relating to the Daniel's payoff, including campaign finance violations.
Suspect who killed deputy caught
The search for John Williams , suspected of shooting and killing Somerset County Sheriff's Corporal Eugene Cole , has ended. Williams was arraigned on March 22, posting $5,000 bail-reduced from the state's originally asked-for $10,000-on March 31.
Seahawks trade up to select punter Michael Dickson
Coach Pete Carroll finally found his man in the fourth round of the 2018 NFL Draft in former Washington Huskie, Will Dissly . Keith Kirkwood signed with the New Orleans Saints, while Adonis Jennings signed with the Cincinnati Bengals.
Central American 'migrant caravan' reaches US-Mexico border
Ministers from Mexico, Canada and United States also met in the USA capital as they rushed to seal a quick deal on updating NAFTA. Two San Diego attorneys we consulted say the asylum process is lengthy and far more involved than some might think.
Buffalo secures top pick in draft
Dahlin, who plays in the Swedish Elite League, was named best defenseman at the 2018 IIHF World Junior Championship. Hurricanes president Don Waddell already anticipates Buffalo selecting Dahlin. "We've got our meetings coming up".
Players react to Andres Iniesta leaving Barcelona
The only trophy that escaped Iniesta's grasp was the Ballon d'Or award, given to the best player in the world each season. His was also the goal that made Spain the champion of the planet for the first and only time.
New iPhone X and iPhone SE Rumors Suggest New Apple Lineup
Still, more analyst forecasts are beginning to predict a decline in iPhone unit sales in Apple's fiscal year ending in September. Originally launched in March 2016, Apple has been making its popular iPhone SE in India since past year , to cut on tariff .