Monday , September 23 2019
Home / unitedstates / Jay-Z has $ 204 million arrest case arrested due to lack of racially diverse arbitrators

Jay-Z has $ 204 million arrest case arrested due to lack of racially diverse arbitrators

Breaking emails

Get alerts and special messages. The news and the stories that matter, they deliver in the morning every night.

According to Reuters

Jay-Z on Wednesday sued to stop his private arbitration with Iconix Brand Group Inc, arguing that the company's inability to find an African-American referee who would hear a trademark dispute was unfair.

The multi-millionaire rapper in a Manhattan Supreme Court statement said that the lack of racial diversity among AAA judges is discriminatory under the New York State Constitution and the Human Rights Law in New York.

Iconix could not immediately get a reminder and the AAA spokesman refused to comment.

The dispute is the latest in a series of legal disputes that arose in 2007 by selling its Rocawear brand of Jay-Z at Iconix for approximately $ 204 million. Iconix has since depreciated almost the entire value of the brand, and in 2017 sued Jay-Z at the Manhattan federal court for trademarks. This case remains pending.

Jay-Z performs at the Bercy stadium in Paris on October 17, 2013.Benoit Tessier / Reuters

In 2015, Jay-Z, whose real name is Shawn Carter, and Iconix resolved some disputes and agreed to resolve future claims in private arbitration proceedings, as proposed by Jay-Z.

Last month, Iconix accused Jay-Z of breaking the agreement in 2015 and demanded an AAA arbitration.

But Jay-Z said the AAA found only three potential African-American arbitrators, hundreds of them, and one already represented by Iconix in related disputes.

He argued that the lack of "more than a symbolic number of African-Americans" rendered the arbitration agreement void.

Source link