In a Wednesday regulatory filing, Iconix said it agreed to sell some intellectual property assets to Jay-Z’s Roc Nation LLC and membership interests in his Marcy Media Holdings LLC affiliate, in exchange for $15 million.
The settlement ends an April 2017 lawsuit in the federal court in Manhattan in which Iconix accused Jay-Z of infringing trademarks it acquired a decade earlier in a $204 million purchase of his Roca wear clothing brand. Iconix has written off almost the entire value of the Roca wear brand. It said on Tuesday it took a $5.5 million charge after agreeing in principle to resolve a US Securities and Exchange Commission probe into its write downs.
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SAA should consider other options before retrenching: Numsa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Labour union National Union of Metalworkers of South Africa (Numsa) says it does not believe that the cash-strapped South African Airways (SAA) has exhausted all options before opting to retrench workers.
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BUSINESS MAVERICK: News: Platinum wage deals to be signed on Wednesday, says AmcuThe deals will provide most of the workforce with above-inflation wage increases and signal that rank and file members were probably not keen on strike action.
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