Jay-Z’s Rocawear Sued For Half Million in Unpaid Debts

Hip Hop mogul Shawn 'Jay-Z' Carter and his Rocawear clothing line are being for failure to make payment. According to the New York Post, wholesale company iSource NYC filed suit, claiming that Rocawear still owes $450K from a $1 million dollar balance.

iSource reportedly provided Rocawear with specialized branded products, which was manufactured in Pakistan and then shipped to the U.S. last summer.

In addition to the outstanding debt, the company also demands a nine percent interest payment due to the long wait.

Rocawear is gearing up launch their 2013 Holiday Collection.

Gary Gentles

Founder and Creator of Singersroom.com and IncredibleWork.com. Follow me on Instagram at @gary.gentles.

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