The legal battle between adidas and Ye continues.
The latest news in the ongoing saga is that a judge has overturned a court order that previously froze a substantial $75 million held by Yeezy. In a recent ruling this past Friday, Judge Caproni sided with Yeezy, stating that adidas’ failure to file a motion to confirm the freeze invalidated the order. Thus, Yeezy’s bank accounts are no longer subject to the freeze.
The judge ruled in favor of Mr. West because adidas failed to confirm the order against Yeezy in court, which is required by New York state law for these type of asset freezes. Thus, Yeezy didn’t have a fair chance to legally challenge the freeze leading to the overturn by Judge Caproni.
While this is definitely a big win for Ye, it is important to note that the arbitration case initiated by adidas is still ongoing, which means that the company may potentially pursue another asset freeze against Yeezy in the future.
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