Adidas has defeated an appeal from shareholders who accused it of hiding misconduct by rapper-entrepreneur Kanye West, otherwise known as Ye, before their partnership broke down in 2022. The 9th U.S. Circuit Court of Appeals in San Francisco said the German firm did not mislead shareholders in its annual reports by saying improper behavior by partners from the entertainment industry could have a negative spill-over effect on business. The shareholders said Adidas continued the partnership despite being “fully aware” since at least 2018 that Ye routinely made improper comments to its employees and employees at his Yeezy design shop.