Press "Enter" to skip to content

Posts tagged as “Kasper Rorsted”

Investors File Lawsuit Against Adidas Alleging Failure to Disclose Risks of Partnership with Rapper Ye

Adidas has been hit with a lawsuit from investors alleging the sportswear giant failed to disclose the risks of its partnership with rapper Ye, formerly known as Kanye West. The lawsuit claims that Adidas was aware of the risks of working with Ye as early as 2018, but failed to disclose them to shareholders. In response to the lawsuit, Adidas has rejected the claims and will take measures to defend itself. The lawsuit seeks unspecified damages and a jury trial.