The Big a, along with former CEO Kasper Rorsted and CFO Harm Ohlmeyer, are being sued in a proposed shareholder class action that accuses the defendants of concealing problems in the relationship with Kanye West. Adidas violated Section 10b and Rule 10b-5 of the Exchange Act by making statements that were deliberately misleading and failed to disclose materials facts, the suit claims. Rorsted and Ohlmeyer are individually liable, the suit says, because they were controlling persons of the company per Section 20a of the Exchange Act. The suit was filed in ... Log in to view full article.