A federal judge dismissed a lawsuit brought by investors against Adidas AG and one of its top executives, Harm Ohlmeyer, over allegations that the company failed to disclose “overtly antisemitic and other racially offensive remarks” by Kanye West, now known as Ye, during his partnership with the sportswear giant.
The plaintiffs, led by HRSA-ILA Funds, said this omission misled investors and constituted federal securities fraud under the Securities Exchange Act of 1934.
