Adidas AG is asking a federal judge to toss out a class-action lawsuit that claims the company violated securities laws by failing to warn its shareholders about Ye’s offensive behavior, calling the fraud case “misguided” and opportunistic. Filed last year, the lawsuit claims Adidas knew about serious problems with Ye (formerly Kanye West) as far back as 2018. By failing to disclose such risks, the lawsuit claims, the company left investors facing losses when it finally ended the partnership in 2022 over Ye’s antisemitic tirades and erratic behavior. Related
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