A group of shareholders is suing Adidas, alleging the sportswear company failed to warn investors it was aware of Kanye West’s antisemitic remarks and “extreme behavior”
Lawsuit says company misled shareholders by hiding details of the artist’s antisemitic behavior; Adidas rejects claimsNeilson Barnard/Getty Images for AdidasA group of shareholders is suing Adidas AG , alleging the sportswear company failed to warn investors it was aware of Kanye West’s antisemitic remarks and “extreme behavior.”
The proposed class-action lawsuit, filed in U.S. District Court in Oregon on Friday, alleges former CEO Kasper Rorsted and Harm Ohlmeyer, the company’s chief financial officer, were involved in disseminating false and misleading statements about Adidas’s relationship with Mr. West, who legally changed his name to Ye.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors Sue Adidas Over Disastrous Kanye West PartnershipInvestors are suing Adidas over claims that the sports giant knew about Kanye West’s problematic behavior long before ending their collaboration.
Read more »
Investors sue Adidas over Kanye West Yeezy dealInvestors have filed a class action lawsuit against Adidas, alleging executives knew about the problematic behavior of Ye, formerly known as Kanye West, for years before the company ended its partnership with the rapper.
Read more »
Investors Sue Adidas Over Yeezy Partnership With Kanye WestAdidas ignored Ye's 'extreme behavior,' the lawsuit alleges, and only generally told investors about the risks of doing business with him.
Read more »
Investors sue Adidas over partnership with Ye, say company aware of rapper's behaviorAdidas ended its partnership with Ye in October following the designer's antisemitic remarks on social media and in interviews.
Read more »
Adidas deceived investors about Kanye West concerns, lawsuit saysAdidas is facing a class-action lawsuit that alleges the sportswear company failed to warn its shareholders of the erratic behavior of its former star collaborator, Ye — the rapper formerly known as Kanye West — and the potential harm it could cause them.
Read more »
Kanye West Fallout Sparks Class Action Lawsuit Against AdidasAdidas shareholders have filed a class action lawsuit alleging that the company failed to minimize the fallout from their partnership with Kanye West despite warning signs
Read more »