Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Adidas AG (OTCMKTS: ADDYY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Adidas AG (OTCMKTS: ADDYY) concerning whether a series of statements by Adidas AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 26, 2017, federal prosecutors charged 10 people associated with certain NCAA basketball programs with fraud and bribery. Prosecutors announced that they uncovered two schemes, including one in which college assistant coaches were bribed to steer elite players to certain financial advisors and agents, and a second in which players were allegedly bribed to enroll at schools sponsored by Adidas.
Following this news, OTCMKTS: ADDYY dropped $7.20, or 3.17%, to close at $220.00 on September 26, 2017.
Based in Herzogenaurach, Germany, and founded in 1920 Adidas AG designs, develops, produces, and markets athletic and sports lifestyle products worldwide.
If you purchased shares of Adidas AG (OTCMKTS: ADDYY) on or before September 26, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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