Investors sue Adidas over Kanye West partnership, fallout
Investors have filed a class-action lawsuit against Adidas over its partnership with Ye, the rapper formerly known as Kanye West, and alleged failure to disclose business risks WASHINGTON -- 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. The German Sports brand cut ties with its star collaborator in late October, following Ye's antisemitic comments on social media and in interviews. At the time, Adidas said the company “does not tolerate antisemitism and any other sort of hate speech” and called Ye’s remarks and actions “unacceptable, hateful and dangerous.” 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....