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.
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