The shareholder proposes a class of those who purchased Nike Class B stock between March 2021, when Nike announced its third quarter financial results, and March 2024, when it was announced Nike would be scaling back on its direct-to-consumer strategy.
June 21, 2024 at 12:55 PM
2 minute read
A Nike Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales.
Stoll Stoll Berne Lokting & Shlachter, Kessler Topaz Meltzer & Check and Klausner Kaufman Jensen & Levinson filed the complaint on Thursday on behalf of the shareholder plaintiff, a pension plan for firefighters and police in Pembroke Pines, Florida.
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