Iconix Brand Group just sued Hov and Roc Nation for using their brand logo on MLB (Major League Baseball) merchandise including Baseball caps, T-shirts and hoodies etc.
According to the claim made by Iconix Brand Group, the company bought the logo from Jay Z for almost USD 204 million giving only them the exclusive rights to use the trademark. And since the logo was being using without their permission, they are suing Roc Nation, Jay Z and various other companies including MLB, New Era, the retailer Lids and the San Francisco Giants for USD 10 million each.
Regardless to whatever Iconix Brand Group has claimed, Jay Z refuted all these claims and said that he has nothing to do with the issue and he should not be involved in the whole fiasco. He has also denied all allegations of being involved in the deal.
The 47-year-old rap star, who released his thirteenth studio album titled 4:44 earlier this year demanded his name to be removed for the documents and set him free of any charges, according to some reports.
The company does not have a very good history either. Previously, singer Rita Ora also filed a lawsuit against the Roc Nation claiming that the label neglected her. The whole scenario resulted in having her to separate from the label. In an Interview with The Guardian, she said, ‘I lost a lot of confidence in myself. It felt like the worst thing'.