In this Feb. 9, 2020, file photo, Kanye West arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. Rapper and fashion mogul Ye’s high-end clothing company Yeezy has agreed to pay $950,000 to settle a lawsuit over slow shipping to customers. (Photo by Evan Agostini/Invision/AP, File)
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.
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.
Ride-hailing service Uber has unveiled its plans to become a travel super app, which will include options for users to make plane and train arrangements directly.
If you've sold or exchanged any crypto in 2021, the IRS wants to know. Henry Yoshida, Co-founder & CEO, OF Rocket Dollar joined Cheddar's Opening Bell to discuss which crypto activities are taxable and how to best spend your tax refund.
Andy Challenger, Senior Vice President of Outplacement and Executive Coaching at Challenger, Gray & Christmas, talks about the challenges employers face in hiring skilled workers and how easing requirements could impact the labor market.
Rishabh Bhandari, Managing Director, and Senior Portfolio Manager at Capstone Investment Advisors, discusses the Feds approach of aggressively tapering the balance sheet and how the energy market could fair amid top oil executives' testimony before Congress.
In a historic win for the organized labor movement, employees at Amazon's massive warehouse on Staten Island voted by a wide margin to form a union. Activists are now hoping the hard-won victory will offer a playbook for other workers trying to unionize, not just at Amazon, but for other major corporations and smaller organizations across the country. Mike Oles, National Field Director for Our Revolution, joined Cheddar's Opening Bell to discuss the impact of this victory on the growing organized labor movement.
The $2 trillion crypto market will soon be subject to much greater governmental oversight. SEC Chair Gary Gensler announced this week that his agency plans to register and regulate digital currencies. He also revealed that the U.S. will focus on three different areas - crypto platforms, stablecoins, and crypto tokens. Jarrod Loadholt, partner at the law firm Ice Miller, LLP, joined Cheddar News' Closing Bell to discuss.
Catching you up on what you need to know on April 6, 2022, with updates on the FDA’s meeting to discuss a second COVID booster shot, more on the war in Ukraine, tornadoes on the Gulf coast, a third suspect arrested in connection to the mass shooting in California, Darwin’s lost notebooks mysteriously returned, and more.
General Motors and Honda are teaming up to produce more affordable electric vehicles. The two carmaking giant are looking to hit a price point of less than $30,000, a much lower price when compared to most other electric vehicles priced toward luxury buyers..