Adidas Stakeholders Sue Company Over Ye West Partnership

Closing Bell

And Adidas shareholder is suing the brand over its decision to cut ties with rapper Kanye West, a new class action lawsuit claiming the company was aware of the artist's extreme behavior and, and the harm that it could cause the company but failed to warn investors. Now, Adidas ending its partnership with West in dropping its brand last year. It was over it problematic behavior including anti Semitic comments. Well, the lawsuit arguing the company should have taken more precautionary measures to minimize negative financial exposure and if the partnership ended. And in a comment, the CNN Adidas said it outright rejected these unfounded claims.