NKE Investors Have Opportunity to Lead Nike, Inc. Securities Fraud Lawsuit

LOS ANGELES , Aug. 15, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Nike, Inc. ("Nike" or the "Company") (NYSE: NKE ).

Class Period: March 19, 2021 – June 27, 2024 Lead Plaintiff Deadline: August 19, 2024 If you wish to serve as lead plaintiff of the Nike lawsuit, you can submit your contact information at www.glancylaw.com/cases/Nike-Inc/ .

You can also contact Charles H. Linehan , of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors 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' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on LinkedIn , Twitter , or Facebook . To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an a.