Nike Accused of Misleading Shareholders; Class Action Lawsuit Filed
Case Overview
A class action securities lawsuit has been filed against NIKE Inc. (NKE) alleging that the company made materially false and misleading statements and failed to disclose material adverse facts relating to its business and operations.
Allegations Against Nike
The complaint alleges that Nike misled investors about the impact of supply chain disruptions and rising costs on its financial performance.
- Nike allegedly failed to disclose a significant decline in demand for its products in China.
- The company allegedly inflated its revenue and earnings by engaging in channel stuffing.
- Nike allegedly concealed the true cost of its inventory write-downs.
Potential Impact on Shareholders
The lawsuit seeks to recover losses on behalf of shareholders who purchased Nike stock between May 26, 2022 and December 19, 2022.
How to Contact the Attorneys
Investors who wish to join the class action lawsuit can contact the attorneys:
- Joseph E. Levi
- Email: joe@leviskorsinsky.com
- Phone: (212) 363-7500
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