by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, May 30 – Amid sealed court filings, on May 30 there was a hearing on adidas' request to freeze and retake $75 million from Ye / Yeezy, held in JPM Chase Bank - which, it emerged, is closing Yeezy's accounts.
Inner City Press was there.
The proceeding was held before U.S. District Court for the Southern District of New York Judge Valerie E. Caproni - who, seeing Press in the gallery, told the parties to think about unsealing the filings. We'll stay on that.
Debevoise & Plimpton argued that the money adidas transfered to Ye's accounts was still its. Judge Caproni said that Debevoice knew better, and could have drafted differently.
After taking a brief break, she denied adidas' motion for a Temporary Restraining Order. adidas declined to withdraw its request for attachment. So filings are due over the coming day. Inner City Press will stay on these - and the necessary unsealing.
More on Substack here
The case is In the matter of Application of Adidas AG for an Order of Attachment in Aid of Arbitration, 22-mc-320 (Caproni)
***
Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.
Feedback: Editorial [at] innercitypress.com
