Investors sue Adidas over Kanye West Yeezy deal
CBSN
Investors have filed a class action lawsuit against Adidas, alleging executives knew about the problematic behavior of Ye, formerly known as Kanye West, for years before the company ended its partnership with the rapper.
Adidas cut ties with Ye in October after the rapper made a series of antisemitic remarks. In their suit, filed Friday, shareholders allege the company in 2018 knew about the risks of partnering with the rapper and failed to take precautionary measures to limit negative exposure.
"In the Personnel Risk section of the 2018 Report's discussion of risk, the Company extolled its commitment to having an equitable workplace, and its strategic workforce management process, known as 'People Strategy', while failing to discuss how it routinely ignored extreme behavior from Kanye West," according to the suit.
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic "Earthrise" photo showing the planet as a shadowed blue marble from space in 1968, was killed Friday when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.