CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind adidas Investors of a Lead Plaintiff Deadline of June 27, 2023

NEW YORK, June 12, 2023

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between May 3, 2018 and February 21, 2023.

If you suffered a loss on your investment in adidas, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/adidas-class-action-submission-form?prid=40624&wire=4

ABOUT THE ACTION: The class action against adidas includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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; (3) 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; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; (5) as a result, Defendants' public statements were materially false and/or misleading  at all relevant times.

DEADLINE: June 27, 2023

Aggrieved adidas investors only have until June 27, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.