With its recent victory preserving a $1.3 billion catalog sales settlement in the case against Kanye West, Adidas has landed a huge legal win. But it won’t be the last legal challenge the company faces in the Yeezy fallout.
Breaking News: Adidas Claims Victory Halting $75M for Yeezy in Lawsuit
A Yeezy lawsuit has forced the German sportswear brand to write off $75 million of the apparel it had planned to sell. This pushed the company into its first annual loss in 31 years. Its investors are suing the company for fraud over how it handled its deal with Ye.
Artist Kanye West locked in yet another legal dispute
Petrocelli, Godesky and the firm’s other top entertainment lawyers handle high-profile matters. for their clients this year. This includes an August appellate win for SiriusXM. They won a landmark music industry case involving performance rights. Also an eight-figure catalog sale for Bob Dylan. As well as licensing/endorsement deals for The Weeknd, Kelly Rowland, Summer Walker and Metro Boomin with companies such as Target, FabFitFun, Chef Boyardee, Logitech and Amazon. The group also represented the purchasers of the Universal Music Group catalog that includes copyrights to the late singer Aaliyah.
