BREAKING: Lawsuit Filed Against Nike Inc. Alleging False Statements

Complaint Highlights

• The filed complaint alleges that defendants made false statements and/or concealed material information regarding the Company's business operations and financial condition.
• The lawsuit seeks to recover losses on behalf of NIKE investors who were adversely affected by the alleged misconduct.

Background

The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the defendants made numerous false and misleading statements regarding the Company's financial performance and growth prospects.

Specifically, the complaint alleges that the defendants concealed the negative impact of the COVID-19 pandemic on the Company's business, overstated the Company's sales and earnings, and failed to disclose the Company's declining market share.

Damages Sought

The lawsuit seeks to recover damages on behalf of investors who purchased NIKE stock during the period between [Start Date] and [End Date].

Legal Representation

Levi Korsinsky LLP is representing investors in the lawsuit against Nike Inc. The firm has a long history of successfully representing investors in securities litigation and has recovered billions of dollars for its clients.

Contact Information

Levi Korsinsky LLP 55 Broadway, 10th Floor New York, NY 10006 (212) 363-7500