Ye's Yeezy Pays Nearly $1M to Settle Slow-Shipping Lawsuit

Rapper and fashion mogul Ye's high-end clothing company Yeezy agreed Monday to pay $950,000 to settle a lawsuit brought by four California district attorneys over slow shipping to customers.

The suit brought last month by the district attorneys of Los Angeles, Sonoma, Napa and Alameda counties alleged that Yeezy had engaged in false advertising about its shipping and had violated state law by failing to send online orders within 30 days.

Last month, a judge approved a request from the artist formerly known as Kanye West legally changed his name to Ye.

He designs and sells sneakers under the Yeezy brand in collaboration with Adidas. The company also makes and sells clothes. Adidas was not named as a defendant in the lawsuit.

An email sent seeking comment from Yeezy was not immediately returned.

The settlement includes $800,000 in civil penalties to the district attorneys offices, $50,000 in restitution to a state consumer protection fund, and $100,000 in investigative costs.

More In Business

CEO of Braze Talks how A.I. Is Making the Difference

Braze CEO Bill Magnuson discusses the company’s latest results, plus how it is incorporating A.I. to be more efficient and effective.

Fact Checking TikTok Tax Advice, So You Don’t Get in Trouble with the IRS

With tax day quickly approaching, Adam Brewer, tax controversy attorney, fact checks some of the supposed ‘loopholes’ you might see online.

Apple’s June Developer Conference Could be an ‘iPhone Like Moment’

Keith Fitz-Gerald of the Fitz-Gerald Group shares why he sees plenty of upside when it comes to A.I., tech, and energy, despite high borrowing costs.

Stop What You're Doing: The IRS has $1 Billion in Unclaimed Tax Returns, But Time is Running Out to Collect

The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.

Maybe Don't Take on Disney, Ron? Settlement Reached Between Florida and the Famed Theme Park

Allies of Florida Gov. Ron DeSantis and Disney have reached a settlement agreement in a state court fight over how Walt Disney World is developed in the future.

New York Liberty CEO: Caitlin Clark Is a ‘Generational Talent’

Ahead of the WNBA season and in the midst of March Madness, New York Liberty CEO Keia Clarke discusses the team’s new deal with Barclays and bringing even more attention to women’s sports.

How 776 Is Reshaping Venture Capital

776 Founding Partner Katelin Holloway talks about the firm’s investment strategy and what’s to come.

Get an Early Look at the New York Auto Show

U.S. Nissan head Jérémie Papin joins from the New York International Auto Show to give a preview of what’s to come from the carmaker – including the 2025 Nissan Kicks.

Meet a One Percenter Paying it Forward to the Tune of Millions

Ed Mitzen, the CEO of Business for Good, explains how and why he’s giving back by funding businesses from marginalized entrepreneurs to push social change.

Huge Election Year Could Create Volatility in the Market

Dana D’Auria, co-CIO at Envestnet, breaks down how she’s expecting markets to perform as ‘cracks’ from the rate hike cycle slowly filter into the economy.

Load More