NEW YORK, Sept. 27, 2017 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Adidas AG ("Adidas" or the "Company") (OTCQX: ADDYY) (OTCMKTS: ADDDF). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/addyy.
The investigation concerns whether Adidas and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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.