Case Summary

Nike

NYSE: NKE

Case Details

  • City Pension Fund for Firefighters and Police Officers in the City of Pembroke Pines v. Nike, Inc. et al.
  • Class Period:March 19, 2021 - March 21, 2024
  • Date Filed:June 20, 2024
  • Jurisdiction:U.S. District Court, District of Oregon
  • Docket Number: 3:24-cv-00974
  • Lead Plaintiff Deadline: August 19, 2024
Days Left to
Seek Plaintiff
32

Overview

A class action lawsuit has been filed against NIKE, Inc. (“Nike” or the “Company”) (NYSE: NKE) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Nike class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Nike Class B common stock between March 19, 2021, and March 21, 2024, both dates inclusive (the “Class Period”).  Investors have until August 19, 2024, to seek appointment as lead plaintiff of the Nike class action lawsuit.

Nike is an Oregon corporation with its principal executive offices in Beaverton, Oregon.  Nike is a global athletic footwear and apparel company which designs, markets, and sells products for its Nike, Jordan, and Converse brands.  Nike branded products are sold through the Company’s retail stores, NIKE Brand Digital platforms (“Nike Digital”), wholesale partners, distributors, and licensees.  Nike Digital includes Nike.com and the Company’s digital application, Nike+.

The Nike class action lawsuit alleges that Defendants misrepresented and/or failed to disclose that: (1) Nike’s direct-to-consumer strategy was unable to generate sustainable revenue growth; (2) Nike’s purported competitive advantages were unable to protect the Company from intense competitive pressures after Nike largely disengaged from many of its wholesale and retail partners to focus on the Company’s direct-to-consumer strategy; and (3) as a result, Defendants’ representations about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired Nike Class B common stock between March 19, 2021, and March 21, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Nike lawsuit is August 19, 2024.

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