Adidas' $75M Freeze on Kanye's Yeezy Funds Overturned by Judge

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Source: Billboard
Adidas' $75M Freeze on Kanye's Yeezy Funds Overturned by Judge
Photo: Billboard
TL;DR Summary

A federal judge has overturned a court order that froze $75m in bank accounts held by Kanye West's Yeezy brand, ruling that Adidas had failed to "confirm" the order against Yeezy with additional proceedings in court. The freeze on Yeezy's bank accounts was lifted and had actually been "rendered null some six months ago when Adidas failed timely to move to confirm the order". The arbitration case filed by Adidas remains pending, and Yeezy could still owe some or all of that money when the case is finally decided.

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