Rocawear Owner Blasts Jay-Z Claims Over AAA Arbitrators' Diversity
Iconix, which purchased Rocawear from the rapper and businessman for $200 million, says there's no merit to his bid to scrap an arbitration stemming from that 2007 deal.
January 16, 2019 at 05:58 PM
5 minute read
The current owner of Jay-Z's Rocawear apparel brand has responded to the rap star's claims that the American Arbitration Association lacks appropriate minority arbitrators to preside over a long-running dispute, accusing him of being a serial arbitrator who's only now raising the issue as a litigation tactic.
In a filing in New York state court in Manhattan on Jan. 11, brand management company Iconix and attorneys from Blank Rome also argued that in the sole published opinion addressing arbitration participants' rights to diverse pools, retired Seventh Circuit Judge Richard Posner was dismissive of the issue.
“The dubious, indeed offensive, insinuation by the Carter parties that the race of an arbitrator is inherently indicative of bias contravenes every published authority on the matter,” attorney Samuel Levy said in a filing, referencing Jay-Z's given name, Shawn Carter.
In November, Jay-Z and his attorneys at Quinn Emanuel Urquhart & Sullivan successfully delayed an arbitration in the dispute between the parties. He sold Rocawear to Iconix in 2007, in a $200 million deal that marked the company's largest to date. In 2016, Iconix said in a financial statement that it suffered a reduction in assets and income to its Rocawear-related assets of $169 million in 2015, and in the following year's filing, the company announced another $34.6 million in losses related to the Rocawear brand.
According to Jay-Z, the company's financial distress has prompted a stream of litigation against him, including a trademark lawsuit pending in the Southern District of New York, and the arbitration in question, initiated in October. In the Jan. 11 filing, Iconix revealed that the latest dispute is over a financial records production clause in a 2015 settlement agreement to an earlier tiff. Jay-Z attorney Alex Spiro has said that Iconix is specifically resisting a commitment that it provide scholarships to underprivileged youth from the original deal.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'It Refreshes Me': King & Spalding Privacy Leader Doubles as Equestrian Champ
5 minute readWhat Does the Opening of Brazil's Gambling Market Mean For Global Firms?
Trending Stories
- 1Bankruptcy Judge to Step Down in 2025
- 2Justices Seek Solicitor General's Views on Music Industry's Copyright Case Against ISP
- 3Judge to hear arguments on whether Google's advertising tech constitutes a monopoly
- 4'Big Law Had Become Too Woke': Why Bill Barr Moved On
- 5Manhattan U.S. Attorney Damian Williams Announces Resignation from Office
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250