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In SDNY adidas Is Denied Order Freezing Ye Accounts in Chase Still Seeks Yeezy Attachment

In SDNY adidas Is Denied Order Freezing Ye Accounts in Chase Still Seeks Yeezy Attachment

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Matthew Russell Lee / ICP
May 30, 2023
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Matthew Russell Lee’s Newsletter
In SDNY adidas Is Denied Order Freezing Ye Accounts in Chase Still Seeks Yeezy Attachment
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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.  
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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.

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