On May 26th, a federal judge lifted a court order
#Adidas had won last year that froze $75 million in bank accounts held by Yeezy brand, reports Billboard ‼️👀 The ruling declared that Adidas “deprived” Yeezy of a fair chance to challenge the freeze 🫣
#Yeezy lawyers argued that Adidas had failed to ‘confirm’ the order within five days as well as “failed to show that it was ever entitled to such an order in the first place”.
“Without a confirmation hearing Yeezy was deprived of an early opportunity to have the Court consider its substantive challenges to Petitioner’s arguments”, wrote Judge Valerie E. Caproni.
Not only did the judge say that the freeze was lifted, but it had been “rendered null some six months ago when Adidas failed timely to move to confirm the order” ⏳
The arbitration case filed by Adidas, which initially led to the request for the money freeze, is still pending, and Yeezy may still be liable for some or all of the funds once a final verdict is reached in the c...