According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- NIKE’s direct-to-consumer strategy was unable to generate sustainable revenue growth;
- NIKE’s purported competitive advantages were unable to protect NIKE from intense competitive pressures after NIKE largely disengaged from many of its wholesale and retail partners to focus on its direct-to-consumer strategy; and
- as a result, defendants’ representations about NIKE’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
