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Adidas Froze $75M of Kanye’s Yeezy Brand Money, Court Docs Confirms



Adidas Won A Court Order Freezing $75M Held By Kanye’s Yeezy Brand

Adidas Won A Court Order Freezing $75M Held By Kanye’s Yeezy Brand

Months after Kanye West claimed that Adidas had frozen millions of dollars of her money, it has been revealed that the company secretly filed a legal action last year in federal court that froze $75 million of his coins.

Federal court records obtained by Billboard show that the case was filed on Nov. 11, just weeks after the German sneaker giant publicly terminated its relationship with the embattled rapper (sometimes known as Ye) in the wake of his antisemitic statements and other erratic behavior.

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. And a federal judge 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.

“Petitioner has demonstrated that it has satisfied the grounds for an ex parte attachment because the court is satisfied that there is a risk that Yeezy will remove or dissipate assets if notice of this request for attachment is given to Yeezy,” Judge Valerie E. Caproni wrote in her Nov. 11 order freezing the money.

“The reason why I’m announcing that I’m running for president is I want the FCC to look at my money,” Ye said at the time. “If they actually see, I was looking at my money, and there might have been a possibility that Adidas wouldn’t have went into JP Morgan and froze my account and put a $75 million hold on four different accounts.”

He continued: “I went from being a multi-billionaire to not even being able to use my Apple Pay four nights ago. I couldn’t use my Apple Pay because someone how Adidas was able to legally go in and freeze my money, and when I see this, I think, well, if this could happen to me, this could happen to other Americans, and for what? You know this can happen to an American that didn’t even steal anything, that didn’t even hurt anyone.”

Ye added, “This could just happen to you for saying the wrong idea out loud.”

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