NKE Investors Have Opportunity to Lead NIKE, Inc. Securities Fraud Lawsuit

PRNewswire 29-Jul-2024 11:17 AM

NEW YORK, July 29, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds investors a shareholder filed a class action lawsuit on behalf of all purchasers of Class B common stock of NIKE, Inc. (NYSE: NKE) between March 19, 2021 and March 21, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by August 19, 2024.

To join the NIKE class action, go to https://rosenlegal.com/submit-form/?case_id=26480 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com.

The Rosen Law Firm is investigating the Allegations that NIKE, Inc. (NYSE:NKE) Misled Investors Regarding its Business Operations.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements 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 NIKE from intense competitive pressures after NIKE largely disengaged from many of its wholesale and retail partners to focus on its direct-to-consumer strategy; and (3) as a result, defendants' representations about NIKE's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against NIKE, Inc. The deadline to file a motion to be appointed as lead plaintiff is August 19, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, go to https://rosenlegal.com/case/nike-inc/

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      case@rosenlegal.com
      www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.