| COMPANY |
NIKE, Inc. |
| COURT |
United States District Court for the District of Oregon |
| CASE NUMBER |
3:24-cv-00974 |
| JUDGE |
The Hon. Adrienne Nelson |
| CLASS PERIOD |
March 19, 2021 through October 1, 2024, |
| SECURITY TYPE |
Class B Common Stock |
Case Background:
This is a class action lawsuit filed on behalf of those who purchased or acquired NIKE, Inc. (“NIKE”) (NYSE: NKE) Class B common stock between March 19, 2021 and October 1, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially 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 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.
Current Status of Case:
On March 24, 2025, Lead Plaintiffs filed the Second Amended Consolidated Class Action Complaint. Defendants filed the Motion to Dismiss the Second Amended Consolidated Class Action Complaint on May 12, 2025. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.