The companies have been locked in a legal battle since May 2017.
A more than two-years-old lawsuit lawsuit between Jay-Z’s Roc Nation and licensing company Iconix Brand Group has been dismissed, according to documents filed in U.S. District Court in New York on Nov. 13.
In the original lawsuit, which was filed in May 2017, Iconix accused Roc Nation, its subsidiary Roc Nation Apparel Group (RNAG), Jay-Z, Major League Baseball and other defendants of undermining its licensing rights -- which the company purchased in 2007 for $204 million -- when RNAG partnered with apparel company New Era to release a line of Major League Baseball caps bearing the Roc Nation logo.