Adidas faces lawsuit over handling of Kanye West's Yeezy brand.
TL;DR Summary
Adidas investors are suing the company, its CFO, and former CEO for allegedly ignoring Kanye West's "extreme behavior" before ending their partnership with him last year. The lawsuit claims that Adidas "routinely ignored" West's behavior, including controversial comments he made in 2018 suggesting that slavery was a "choice." Adidas denounced the claims as "unfounded" and launched an investigation into allegations against West, including bullying employees and forcing them to watch pornography.
- Investors sue Adidas for ‘routinely’ ignoring Ye’s ‘extreme behavior’ The Hill
- Adidas sued by investors over Kanye West deal Yahoo News
- Adidas shareholders launch class action lawsuit over Kanye West brand Yeezy The Guardian
- Adidas deceived investors about Kanye West concerns, lawsuit says The Washington Post
- ADDYY, ADDDF ALERT: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages adidas AG Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - ADDYY, ADDDF PR Newswire
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