NIKE Inc. (NKE) Investors: Contact Levi Korsinsky LLP Today About the Lawsuit
Levi Korsinsky LLP Notifies WEB NKE Investors
About the Lawsuit
Levi Korsinsky LLP notifies investors in NIKE Inc. ("NIKE" or "the Company") (NYSE: NKE) of a class action lawsuit alleging that the Company violated the federal securities laws.
The lawsuit alleges that, throughout the Class Period, defendants failed to disclose to investors:
- That NIKE's business in China was deteriorating.
- That the Company's financial results were being negatively impacted by the deterioration of its business in China.
- As a result, the Company's financial guidance was misleading.
On September 20, 2022, NIKE reported its fiscal first-quarter 2023 financial results, which missed analysts' estimates. The Company also announced that it expected its business in China to continue to deteriorate in the future. As a result of these disclosures, NIKE's stock price fell materially, damaging investors.
Contact Levi Korsinsky LLP Today
If you suffered a loss in NIKE, you have until March 6, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi Korsinsky LLP is a nationally recognized firm with extensive expertise in securities litigation. The firm has recovered billions of dollars for aggrieved shareholders.
For more information, please contact:
- Joseph E. Levi, Esq.
- Email: jlevi@levikorsinsky.com
- Tel: 212-363-7500
To learn more, visit:
https://www.zlk.com/pslra-1/nike-inc-loss-submission-form?prid=35335&wire=5
Press Release Contact:
Levi Korsinsky LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: 212-363-7500
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