On September 26, 2017, federal prosecutors unveiled fraud charges against 10 people associated with certain NCAA basketball programs, including four coaches and an Adidas executive. Prosecutors announced that they uncovered two related schemes, including one in which apparel executives, financial advisers and others bribed assistant college coaches to steer elite players to their programs, and a second in which players were allegedly bribed to enroll at schools sponsored by Adidas. On this news, Adidas’s share price fell $7.20, or 3.17%, to close at $220.00 on September 26, 2017.
If you are aware of any facts relating to this investigation, or purchased Adidas shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/addyy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
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SOURCE Bronstein, Gewirtz & Grossman, LLC
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