Judge Overturns Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand

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Judge Overturns Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand
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The shoe giant made only “unpersuasive arguments” in its effort to keep the money frozen, a federal judge says.

’s Yeezy brand — ruling that the sneaker giant ran afoul of procedural requirements and “deprived” Yeezy of a fair chance to challenge the freeze.ruled that Adidas had failed to “confirm” the order against Yeezy with additional proceedings in court — a key requirement under the state law that allows such asset freezes.“Petitioner launches a volley of unpersuasive arguments in an attempt to excuse its noncompliance with the plain language of the statute,” the judge wrote Friday.

A lawyer for Yeezy did not return requests for comment on Friday. A spokesman for Adidas declined to comment. Judge Caproni quickly granted the company’s request for such an “attachment” order on a so-called ex parte basis — meaning the judge issued the freeze without giving Yeezy a chance to make counter-arguments. She did so because she ruled there was “a risk that Yeezy will remove or dissipate assets” if he was given advance notice of Adidas’s case.

But lawyers for Yeezy said Adidas had “failed to show that it was ever entitled to such an order in the first place.” They strongly argued that Adidas had failed to live up to the requirements for such an order, specifically by not moving to “confirm” the order within five days.

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