Adidas Beats Securities Fraud Class Action Over Kanye West Partnership Debacle ...Middle East

Adidas AG has won a court order dismissing a class-action lawsuit that claims the German sneaker giant violated securities laws by failing to warn its shareholders about Ye’s offensive behavior. The case claimed that Adidas knew about serious problems with Ye (formerly Kanye West) as far back as 2018 but failed to disclose them, leaving investors facing losses when the company finally ended the partnership in 2022 over Ye’s antisemitic tirades and erratic behavior. Related

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