Investors file lawsuit against Adidas over Kanye West partnership.

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.
- Adidas deceived investors about Kanye West concerns, lawsuit says The Washington Post
- Adidas sued by investors over Kanye West deal Yahoo News
- Adidas shareholders launch class action lawsuit over Kanye West brand Yeezy The Guardian
- Adidas sued by investors over Ye partnership USA TODAY
- Investors Sue adidas Over Broken Partnership With Ye HYPEBEAST
Reading Insights
Total Reads
0
Unique Readers
12
Time Saved
3 min
vs 4 min read
Condensed
87%
619 → 83 words
Want the full story? Read the original article
Read on The Washington Post