NIKE Class Action Lawsuit: Everything You Need to Know

Lawsuit Overview

A class action securities lawsuit has been filed against NIKE Inc. (NKE). The lawsuit alleges that NIKE made false statements or concealed material information about the company's financial performance.

The lawsuit seeks to recover losses on behalf of NIKE investors who purchased NIKE stock between February 28, 2023, and September 8, 2023.

Who is Eligible to Join the Class Action?

Investors who purchased NIKE stock during the class period, February 28, 2023, through September 8, 2023, may be eligible to join the class action lawsuit.

What are the Allegations in the Lawsuit?

The lawsuit alleges that NIKE made false statements or concealed material information about the company's financial performance. Specifically, the lawsuit alleges that NIKE:

• Overstated the company's revenue
• Understated the company's expenses
• Failed to disclose the company's declining profit margins

What are the Potential Damages?

The damages in a class action lawsuit can be significant. If the lawsuit is successful, NIKE investors could recover millions of dollars in damages.

How do I Join the Class Action?

If you are an investor who purchased NIKE stock during the class period, February 28, 2023, through September 8, 2023, you may be eligible to join the class action lawsuit. You can contact Levi Korsinsky LLP for more information about the lawsuit and how to join.

Important Deadlines

The deadline to join the class action lawsuit is August 19, 2024.