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 mail@shareholdersfoundation.com 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Adidas AG (OTC:ADDYY, OTC:ADDDF) Long Term Shareholder Notice: Investigation of Potential Wrongdoing
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.