Adidas denied request to re-freeze $75 million in Kanye West’s Yeezy accounts – Music News

Adidas denied request to re-freeze $75 million in Kanye West’s Yeezy accounts – Music News

Adidas executives have been denied their request to re-freeze $75 million (£61 million) held by Kanye West’s Yeezy brand.

Earlier in May, executives at the German sportswear giant asked a New York federal court to upload its freeze on $75 million in accounts belonging to West’s Yeezy as it pursues arbitration over the termination of the brands’ lucrative partnership last year.

According to court documents obtained by Billboard, a Manhattan federal judge ruled on Tuesday that Adidas would not be granted their re-freeze request.

The emergency order request claimed that Adidas would suffer “irreparable harm” if Yeezy was able to move the money, but the judge ruled, “It is hereby ordered that… Adidas’s motion for a TRO (temporary restraining order) is denied.”

Adidas could still win a conventional asset freeze order, despite losing the emergency request. Both sides have been set to file briefs on the request by 1 June.

Last October, Adidas severed business ties with West after he made a series of antisemitic remarks on social media and in interviews.

“Adidas does not tolerate antisemitism and any other sort of hate speech,” they said at the time. “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”

In November, the Stronger rapper told X17 that Adidas had frozen $75 million of his money across different bank accounts.

“I went from being a multi-billionaire to not even being able to use my Apple Pay four nights ago. I couldn’t use my Apple Pay because someone how Adidas was able to legally go in and freeze my money,” he alleged.

You can view the original article HERE.

Britney Spears Shouts Out Sons’ Birthdays, Says She Cut Off People Playing Mind Games
Britney Spears Shouts Out Sons’ Birthdays, Says She Cut Off People Playing Mind Games
‘This is a mistake that I made’
‘This is a mistake that I made’
Artem Chigvintsev & Nikki Bella Have Fight Brewing Over Custody, Spousal Support
Artem Chigvintsev & Nikki Bella Have Fight Brewing Over Custody, Spousal Support
Sabrina Carpenter, Halsey among stars giving us déjà vu in vintage gowns previously worn by other superstars
Sabrina Carpenter, Halsey among stars giving us déjà vu in vintage gowns previously worn by other superstars
TIFF 2024: Millers in Marriage, Sketch, The Deb | Festivals & Awards
TIFF 2024: Millers in Marriage, Sketch, The Deb | Festivals & Awards
Last Straw Review | Edgy Thriller Delivers Perfect Surprise Twists
Last Straw Review | Edgy Thriller Delivers Perfect Surprise Twists
Smile 2 Producer Explains Why They Decided to Do a Sequel
Smile 2 Producer Explains Why They Decided to Do a Sequel
TIFF 2024: On Swift Horses, Meet the Barbarians, All of You | Festivals & Awards
TIFF 2024: On Swift Horses, Meet the Barbarians, All of You | Festivals & Awards
Donald Trump confuses reggaeton singer Nicky Jam for a woman at Las Vegas rally
Donald Trump confuses reggaeton singer Nicky Jam for a woman at Las Vegas rally
Paramore’s Hayley Williams says the ‘Eras’ tour “completely changed” her relationship with ‘The Only Exception’
Paramore’s Hayley Williams says the ‘Eras’ tour “completely changed” her relationship with ‘The Only Exception’
Everything to Know About Maggie Thurmon
Everything to Know About Maggie Thurmon
When is Black Cat coming to ‘Fortnite’?
When is Black Cat coming to ‘Fortnite’?
49ers’ McCaffrey to miss 2nd straight game, could land on IR
49ers’ McCaffrey to miss 2nd straight game, could land on IR
Dodgers’ Glasnow suffers setback in recovery from elbow tendinitis
Dodgers’ Glasnow suffers setback in recovery from elbow tendinitis
Ravens’ Van Noy got ‘appropriate’ care from Chiefs’ medical staff, NFL says
Ravens’ Van Noy got ‘appropriate’ care from Chiefs’ medical staff, NFL says
Heat to honor Wade with statue in October
Heat to honor Wade with statue in October
Ironheart Star Anthony Ramos Teases The ‘Crazy’ MCU Series
Ironheart Star Anthony Ramos Teases The ‘Crazy’ MCU Series
Days Of Our Lives Spoilers For The Week of 9-16-24 Promise An Explosive End To An Annoying Storyline
Days Of Our Lives Spoilers For The Week of 9-16-24 Promise An Explosive End To An Annoying Storyline
Superman & Lois Was Originally Planned for 7 Seasons
Superman & Lois Was Originally Planned for 7 Seasons
Pachinko Season 2 Episode 4 Review: Finding Snakes In The Grass
Pachinko Season 2 Episode 4 Review: Finding Snakes In The Grass
L’Agence’s Tara Rudes Dann & Jeff Rudes Are Bringing American Flair To Paris
L’Agence’s Tara Rudes Dann & Jeff Rudes Are Bringing American Flair To Paris
Grey/Ven Is Stepping Into The Spotlight
Grey/Ven Is Stepping Into The Spotlight
Pinko’s Caterina Negra Is Keeping Fashion Fresh—And Looking To The Future!
Pinko’s Caterina Negra Is Keeping Fashion Fresh—And Looking To The Future!
Out & About With The Cut & Old Navy, Christian Louboutin, & More!
Out & About With The Cut & Old Navy, Christian Louboutin, & More!