Adidas AG lost a court bid to freeze $75 million it paid to Ye, the rapper and designer formerly known as Kanye West, to market Yeezy shoes.
Adidas had cited press reports that Yeezy could be sliding toward insolvency in arguing that the funds were at risk. But Caproni said the company hadn’t advanced any evidence to support that claim “beyond tabloid speculation.” She also said Adidas hadn’t shown that it would suffer “irreparable harm” if the funds weren’t frozen.
Source: News Formal (newsformal.com)
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