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

What to Do to Protect Yourself From Tax-Related Scams

Kelley Long, CPA, personal finance specialist and certified financial planner, joined Cheddar News to offer tips on how people can protect themselves from tax-related scams during the filing season.

Mobile Laundry Service 2ULaundry Raises $20M in Financing

Alex Smereczniak, CEO of 2ULaundry & LaundroLab, joined Cheddar News to discuss the mobile laundry service company after raising a fresh $20 million in a Series B round.

Tiered Pricing for Movie Seats Comes to AMC Theaters

Moviegoing at AMC theaters might be a bit more expensive — or cheaper — depending on where you want to sit.

Jury Finds Musk Did Not Defraud Tesla Investors

A jury found that Elon Musk did not defraud Tesla investors with a 2018 tweet about taking the company private and that he had the financing to do so.

Dell to Lay Off Of 5% of Workforce

Dell is laying off 5% of its workforce as the company told employees the move is to prepare for uncertainty.

Can AI and ChatGPT Replace Jobs?

Will AI and ChatGPT replace jobs in the future? Cheddar News takes a closer look at its capabilities and what jobs the technology could potentially replace.

Need2Know: February 6, 2023

Thousands killed in Turkey earthquake, Ohio train derailment danger, and Europe bans Russian diesel imports. Here is everything you Need2Know for Monday, February 6, 2023.

It's Still a Seller's Market Amid Housing Supply Shortage, Says Real Estate Agency

Ann Briscoe and Rose Bulfamante, real estate agents for Houlihan Lawrence based in Westchester county, New York, spoke to Cheddar News about the continuing crunch and tips for current buyers in the market.

National Enquirer Reportedly to Be Sold in Deal for Just Under $100M

National Enquirer Reportedly to Be Sold in Deal for Just Under $100M.

Cheddar Afternoon News Briefings of February 6th

Cheddar Afternoon News Briefings

Load More