Jay-Z’s Rocawear Brand Being Sued For Nearly $500K

By Staff  |  06/13/2013

Rocawear

Although Jay-Z has an estimated net worth of around $500 million, his once prominent Rocawear brand isn't doing so well.

According to the New York Post, wholesale company iSource NYC claims the clothing brand owes them $450,000 for apparel they had produced in Pakistan and shipped to New York last April through June, but never paid for.

iSource has filed suit against Rocawear, claiming they ordered "specially ordered goods ... [with] the 'Rocawear' brand name imprinted on [them]," and received payment for about half of a $1 million order, but has yet to receive the rest.

In the lawsuit, the company wants the remaining balance -- which was due last summer -- plus 9% interest.

Rocawear hasn't commented on the lawsuit.