Investors file lawsuit against Adidas over Kanye West partnership.

1 min read
Source: The Washington Post
Investors file lawsuit against Adidas over Kanye West partnership.
Photo: The Washington Post
TL;DR Summary

Adidas is facing a class-action lawsuit alleging that the company deceived investors by failing to disclose ongoing issues between the company and Kanye West, its former star collaborator. The lawsuit claims that Adidas was aware of the potential harm Ye's erratic behavior could cause the company but failed to warn investors about it. The suit seeks unspecified damages and the payment of the class action's legal fees. Adidas has rejected the claims and said it will take all necessary measures to defend itself.

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