Adidas Secures Court Order Freezing $75M from Yeezy Brand

TL;DR Summary
Adidas secretly filed a legal action last year in federal court that successfully froze $75 million in bank accounts held by Kanye West’s Yeezy brand after their high-profile split. Adidas filed the case to ensure such funds were not transferred out of Yeezy’s bank accounts while the two companies litigated their business divorce via private arbitration. The newly-revealed litigation with Yeezy is just one piece of a messy breakup for Adidas.
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
4 min
vs 5 min read
Condensed
92%
847 → 71 words
Want the full story? Read the original article
Read on Billboard