NEW YORK, June 30, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Nike, Inc. ("Nike" or the "Company") (NYSE:NKE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Nike and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 19, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Nike securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On June 27, 2022, Nike announced its fourth quarter and full year 2022 financial results after market close. Nike announced that quarterly revenues declined 1% year-over-year and quarterly wholesale revenues declined 7% year-over-year.
On this news, the price of Nike Class B common stock fell $7.72 per share, or nearly 7%, ...