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

UPS to Add Air Conditioning to Delivery Trucks

UPS reached a deal to add air conditioning to its delivery trucks for the first time.

Amazon Uses A.I. to Summarize Product Reviews

Amazon is using A.I. to sum up product reviews on its site.

Netflix Plans Pop-Up Restaurant in Los Angeles

Netflix Plans Pop-Up Restaurant in Los Angeles

Analyst Discusses What Lies Ahead in the Market As Fed Pauses Rate Hikes

Eric Lynch, managing director of Scharf Investments, joined Cheddar News to discuss market trends and what lies ahead as the Federal Reserve paused interest rate hikes.

Stretching Your Dollar: Simple Ways to Boost Your Credit Score

On this edition of Stretching Your Dollar, AJ Ayers, certified financial planner and co-founder of Brooklyn Fi, provided some tips on how to boost your credit score.

Fed Keeps Rates Unchanged for First Time in 15 Months But Signals More Potential Hikes

The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation.

Stock Market Today: Wall Street Drops as Fed Signals More Painful Rate Hikes to Come

Stocks are drifting Wednesday, as Wall Street waits to hear what the Federal Reserve’s latest economy-moving decision will be on interest rates.

AMD Reveals New Chip for AI Applications to Compete With Nvidia

Chipmaker AMD said on Tuesday that it's producing an advanced chip for artificial intelligence applications that is designed to compete with Nvidia.

Bahamas Court Rules to Delay US Criminal Charges Against Sam Bankman-Fried

On Tuesday, the Bahamas Supreme Court allowed FTX founder Sam Bankman-Fried to review the terms of his extradition and temporarily delayed the country from agreeing to let U.S. prosecutors pursue criminal charges against him.

Microsoft's Planned Activision Blizzard Merger Temporarily Blocked by US Judge

Microsoft's planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal.

Load More