The lawsuit alleges that Adidas failed to take precautionary measures to limit financial losses if the Ye partnership were to end.
Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, the rapper formerly known as Kanye West, years before ending its partnership with him.
Weeks before the decision, at Paris Fashion Week, Ye also wore a shirt with a “White Lives Matter” slogan — which the Anti-Defamation League categorizes a white supremacist phrase that originated as “a racist response to the Black Lives Matter movement.” The suit accuses Adidas, the company's former chief executive officer Kasper Rørsted and chief financial officer Harm Ohlmeyer of being aware of or “recklessly" diregarding false or misleading statements surrounding the partnership with Ye, who is not listed as a defendant in the suit.
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