Jay-Z‘s fight over all things Roc has come to an end.
According to court documents obtained by The Blast, Roc Nation and Iconix Brand Group are in negotiations to settle their ongoing legal battle stemming from the purchase of Rocawear back in 2007. The two sides have 45 days to reopen the case, if they so choose.
As The Blast first reported, Roc Nation — owned by Jay-Z — countersued Iconix Brand Group stating their business deal for $204 million only included Rocawear and had nothing to do with the Roc Nation brand. Iconix had already sued Roc Nation and Jay-Z claiming they were in breach of the deal after MLB hats with the Roc Nation logo went on sale without their involvement.
Roc Nation says when Iconix purchased Rocawear in 2007, their brand did not even exist and therefore was never part of the deal. They argued that Iconix does not own a “ROC family of marks” and has no right to anything but Rocawear.
Details of the settlement were not made public.