Yeezy sues a former fellow for breaching a non-disclosure agreement, which included a “$ 500,000 liquidated damages provision.”
Ryan Inwards, who is said to have been a summer intern at Kanye West’s clothing line in 2020, allegedly “shared confidential photos of Yeezy on his Instagram,” according to a complaint filed with PEOPLE by the Los Angeles County Superior Court.
Signed the legally binding contract of the company, which is often used to protect confidential business information refrain from posting “unauthorized materials” on your personal “social media sites” during and after your work for months.
Lawsuit: Kanye West’s clothing line, Yeezy, sues a former fellow for breaching a non-disclosure agreement, which included a “$ 500,000 liquidated damages provision” (seen on the catwalk of the Yeezy fashion show during Paris Fashion Week in March 2020)
Yeezy, however, claims that Inward has uploaded several classified images and ignores them “multiple cessation and cessation letters” to remove these items.
The complaint also noted that Inwards “shared non-public images on Instagram and has not removed them even after” that threatened legal action.
Since the news broke, The Hollywood Reporter noted that an “Instagram account of the same name now has zero posts.”
Bad for business: Ryan Inwards, who went into the high-end brand from February 2020 to the summer of 2020, allegedly “shared confidential photos of Yeezy” on his Instagram, according to a complaint filed with PEOPLE on Los Angeles County Superior Court. ; West seen in November 2019
Now, the 43-year-old rap mogul’s business appears to be trying to enforce a half-million-dollar liquidated damages clause for breach of contract and conversion.
In addition, “they are also seeking a court order requiring the transfer of the images and a ban on similar publications in the future,” according to THR.
While it’s not clear what specifically leaked Inwards, his practices coincided with many big announcements for the company, including the news that they signed a ten-year collaboration agreement with Gap to bring the Yeezy label to the masses.
Taking action: The 43-year-old rap tycoon clothing business wants to enforce a half-million liquidated damages clause for breach of contract and conversion; West and his wife Kim Kardashian West seen on September 16, 2015
Whirlwind Year: While it’s not clear what specifically leaked Inwards, his practices coincided with many big announcements for the company, including the news that they signed a ten-year collaboration agreement with Gap to carry the label Yeezy to the masses (French actor Gianni Esposito in the picture Yeezy boost 350 sneakers in 2017)
In July, Forbes magazine also estimated that the West shoe empire was a billion-dollar company.
According to Forbes, it was reported that revenue from the Yeezy sneaker line, which now has Adidas, will exceed $ 1.5 billion in 2019, and pre-West revenue over the past twelve months was $ 150 million. according to Forbes.
West describes his standing line as “the Lamborghini of shoes,” a nod to the matte black Lamborghini SUV he owns.
Proud founder: West describes his standing line as “the Lamborghini of shoes,” a gesture on the matte black Lamborghini SUV he owns; West saw his eldest daughter North in season 8 of Yeezy last year
West’s business fortunes mark an impressive investment since just three years ago in late 2016, when he begged Mark Zuckerberg to invest $ 1 billion in his “ideas” and claimed to have a $ 53 million debt.
Late last year, he admitted he was worth “hundreds of millions of dollars” despite claiming in September that he was worth $ 5 billion after signing his lucrative deal with the Gap.
According to recent reports, he and his wife Kim Kardashian are breaking up after six years of marriage, suggesting she is “finished” trying to make things work for him.
Doubling the truth: late last year, he admitted he was worth “hundreds of millions of dollars” despite claiming in September that he was worth $ 5 billion after signing his lucrative deal with the Gap; seen in 2020