SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of adidas AG of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 27, 2023 - (OTC Other: ADDYY)

NEW YORK, June 14, 2023

Shareholders who purchased shares of ADDYY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/adidas-loss-submission-form/?id=40744&from=4

CLASS PERIOD: May 3, 2018 to February 21, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued 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 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/adidas-loss-submission-form/?id=40744&from=4