NIKE, INC. (NYSE:NKE) DEADLINE ALERT: Bernstein Liebhard

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) – Bernstein Liebhard LLP:

• Did you purchase shares of Nike, Inc. (NYSE:NKE) between March 19, 2021 and March 21, 2024 (inclusive) and lose money on your investment?

• Would you like to talk about your rights?

Bernstein Liebhard LLP, a nationally recognized investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a class action lawsuit on behalf of investors who purchased Class B common stock of Nike, Inc. (“Nike” or the “Company”) (NYSE: NKE) between 19 March 2021 and 21 March 2024inclusive (the “Claim Period”). The lawsuit was filed in the United States District Court for the District of Oregon and alleges violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you Have purchased or acquired Nike Class B common stock and/or would like to discuss your legal rights and options please visit Class action lawsuit by shareholders of Nike, Inc. or contact the Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff, you must move the Court no later than 19 August 2024A lead plaintiff is a representative party who litigates on behalf of other class members. Representation is on a contingency basis. Your ability to share in any compensation is not dependent on serving as lead plaintiff. If you choose not to file a lawsuit, you may remain an absent class member.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that NIKE’s direct-to-consumer strategy failed to generate sustainable revenue growth and that NIKE’s purported competitive advantages failed to insulate the company from competitive pressures. Specifically, defendants materially misled investors about: (1) NIKE’s ability to generate sustainable revenue growth under its direct-to-consumer strategy; (2) NIKE’s purported competitive advantages that insulate the company from intense competitive pressures despite its focus on its direct-to-consumer strategy; and (3) as a result, defendants’ statements about NIKE’s business, operations and prospects. When the true details came to market, the lawsuit alleges that investors suffered damages.

Investors slowly learned the truth through a series of disclosures on June 27, 2022, September 29, 2022, December 21, 2023, and March 21, 2024. On March 21, 2024, NIKE reported declining revenues and Defendant Donahoe finally admitted that “NIKE is not reaching its potential.” When the truth came to light, the share price of NIKE Class B common stock declined significantly.

If you Have purchased or acquired Nike Class B common stock and/or would like to discuss your legal rights and options please visit Class action lawsuit by shareholders of Nike, Inc. or contact the Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

Since 1993 Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the firm has been retained by some of the nation’s largest public and private pension funds to oversee their assets and litigate on their behalf. Due to its success in litigating hundreds of lawsuits and class action cases, the firm has been named to the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and has been listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2024 Bernstein Liebhard LLP. The law firm responsible for this advertising is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Past results do not guarantee or predict a similar outcome with respect to future matters.

Contact information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]