Jay-Z Settles Years of Fighting With Iconix Over Roc Nation Line

Rapper Jay-Z settled a dispute with Iconix Brand Group Inc. stemming from its acquisition of his Rocawear clothing business more than a decade ago.

New York-based Iconix said in a regulatory filing Wednesday that it had sold certain intellectual property assets to the hip-hop mogul’s Roc Nation LLC and membership interests in his Marcy Media LLC to another entity for $15 million as part of the settlement, which resolves two lawsuits and an arbitration proceeding.

Jay-Z

Photographer: Brian Ach/Getty Images

Alex Spiro, a lawyer for Jay-Z, declined to comment.

Iconix, whose brands include Candie’s and Joe Boxer, paid about $204 million in 2007 to ...