Investors claim sportswear giant failed to minimise their exposure to risk after the rapper and designer’s antisemitic comments led to a sharp decline in the share price
if it decides not to sell them and warned it could report its first loss in three decades.
“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.” In the aftermath of that comment, the lawsuit claims that Adidas “ignored the risks of oversupply of Yeezy branded shoes in the event that the partnership were to suddenly end, and in particular, if demand for the shoes were to fall due to any controversy surrounding West.”
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