investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, April 14, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises adidas AG ADDY ADDDF))) investors that the firm has opened an investigation into possible securities fraud and may file a class action lawsuit on behalf of the investors. adidas investors who have lost money investing are encouraged to do so Contact Lesley Portnoy, Esq.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

Adidas ended its business partnership with Kanye West on October 25, 2022 due to his anti-Semitic rhetoric. A Wall Street Journal article published on November 27, 2022 revealed that Adidas executives discussed ending the partnership back in 2018 due to concerns about West’s conduct. The article reported that West made anti-Semitic remarks in front of Adidas employees and discussed naming an album after Adolf Hitler. On February 9, 2023, Adidas announced that the decision to end the partnership would result in significant financial losses, including a drop in sales of around 1.2 billion euros and operating profit of around 500 million euros in 2023. Adidas also expects one-off costs of up to 200 million euros in 2023. The negative impact on Adidas’ finances caused Adidas’ shares to fall, hurting investors.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
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