An investigation on behalf of current long term investors in adidas AG (OTC:ADDYY, OTC:ADDDF) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/08/2023 -- An investigation was announced for investors in shares of adidas AG (OTC: ADDYY, OTC: ADDDF) concerning potential breaches of fiduciary duties by certain directors of adidas AG.
Investors who are current long term investors in adidas AG (OTC: ADDYY, OTC: ADDDF) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in OTC: ADDYY, OTC: ADDDF stocks follows a lawsuit filed against adidas AG over alleged securities laws violations. The investigation on behalf of investors in adidas AG (OTC: ADDYY, OTC: ADDDF) stocks, concerns whether certain adidas AG directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that In addition to other misconduct, Kanye West made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler, that adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership as a result of it, that adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of West's behavior, that adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of adidas AG (OTC: ADDYY, OTC: ADDDF) have certain options and should contact the Shareholders Foundation.
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