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.

Share:
More In Business
SEC Investigating Amazon's Business Practices
Alma Angotti, a former SEC Enforcement Attorney and Global Regulatory Risk Leader at the consulting firm Guidehouse, joined Closing Bell to discuss the SEC probe of Amazon's business practices related to third-party seller data, and whether it will have any impact.
Investopedia Survey Finds Most Americans Don't Understand Crypto, But Still Hold Some Digital Currency
The month of April is also known as financial literacy month, and Investopdia marked the occasion this year by surveying 4,000 U.S. adults - 1,000 each from Generation Z, millennial, Generation X, and baby boomer generations - to try to get a better sense of where each generation stands when it comes to their understanding of all things money. The survey found that while many Americans have invested in crypto, most have much more to learn about digital currency. Investopedia Editor in Chief Caleb Silver joins Cheddar News' Closing Bell to discuss.
Prepared Raises $9.8 Million to Enhance 911 Call System
Michael Chime, Co-Founder and CEO of Prepared, joins Cheddar News' Closing Bell, where he explains how his platform is bringing the emergency call system into today's tech-driven era and discusses how his company plans to utilize $9.8 million it just raised in new funding.
U.S. Uses Economic Sanctions to Respond to Russia
Christine McDaniel, Senior Research Fellow at the Mercatus Center, joined Cheddar News' Closing Bell to break down the long list of sanctions that the U.S. has levied against Russia since its invasion of Ukraine, and the impact - or lack thereof - they are having on Russia.
How Warner Bros. Discovery Might Further Streaming as New Media Giant
Seth Schachner, a digital business executive and the managing director of the consultancy Strat Americas, joined Closing Bell to talk all about the mega-merger between WarnerMedia and Discovery, combining to form Warner Bros. Discovery (Nasdaq: WBD), and what it means for the streaming space going forward. “I think unlike some of the other mergers that you've seen out there. I think this one has actually got a real chance to be successful and to really further the cause of streaming," he said.
Lamborghini CEO on What to Expect at the NY Auto Show 2022
With the New York International Auto show set to get underway for the first time in two years, Stephan Winkelmann, global CEO of Lamborghini, joined Cheddar News to talk about what to expect from the luxury sports car maker from the Big Apple, including a look at new car models and its esports, and NFT plans. "All of this for sure creating a buzz for the younger generations," he said. "We are directing them into our brand because this is important for us, that there is a close connection between the digital world and the real world we are living in by developing, producing, and selling cars." Winkelmann also discussed the company's outlook amid the pandemic and the war in Ukraine.
Load More