JAY-Z ordered to appear in Manhattan Federal Court to explain why he shouldn't give deposition in SEC case - MRCAESAR.COM

Thursday, 3 May 2018

JAY-Z ordered to appear in Manhattan Federal Court to explain why he shouldn't give deposition in SEC case


NEW YORK DAILY NEWS
The SEC hit JAY-Z — whose real name is Shawn Carter — with an investigative subpoena in February. (Theo Wargo/Getty Images for TIDAL)
The Securities and Exchange Commission wants rapper Jay-Z to speak into its mic.
The legendary hip-hop star has been ordered to appear in Manhattan Federal Court next week to show why he shouldn't have to give a deposition to the regulatory agency.
The SEC hit the hip hop star — whose real name is Shawn Carter — with an investigative subpoena in February.
Judge Paul Gardephe ruled on Thursday that the commission has provided sufficient cause to compel Carter to sit for the testimony.
The documents explaining the SEC's reason for wanting Jay-Z to appear were not made public. But the judge's order said that the rapper must appear on May 8 to show why he shouldn't need to sit for a deposition.
His lawyer, Alex Spiro, did not immediately respond to a request for comment.

No comments:

Post a Comment