Investors in NKE have a chance to spearhead a securities fraud lawsuit against NIKE Inc. with the Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / June 29, 2024 / Schall Law Firm, a national shareholder rights law firm, reminds investors of the class action lawsuit against NIKE, Inc. (“Nike” or the “Company”) (NYSE:NKE) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities Exchange Commission and Stock Exchanges.

Investors who purchased the Company’s securities between March 19, 2021 and March 21, 2024, inclusive (the “Class Period”) are encouraged to contact the firm before August 19, 2024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com or by email at (email protected).

In this case, the class has not yet been certified and you are not represented by an attorney until certification is achieved. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Nike’s direct-to-consumer strategy failed to deliver sustained revenue growth. Nike’s alleged competitive advantages did not support its business because it withdrew from wholesale and retail partners. Based on these facts, the Company’s public statements were false and materially misleading throughout the period under review. When the market learned the truth about Nike, investors suffered losses.

Join the cause and recover your losses.

Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
(email protected)

SOURCE: Schall Law Firm