Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of (NYSE: NKE) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who held shares continuously since the day before the applicable class period began and continue to hold their shares may have standing to seek corporate governance reforms, the return of funds to the company, and a court-approved incentive award, all at no cost to them.

If you held NIKE shares continuously since at least March 18, 2021, the day before the securities class-action period began, and continue to hold those shares, you may have standing to seek corporate governance reforms at NIKE, including improvements to internal controls, strategic oversight, transparency, and executive accountability.

Complaint Allegations

A securities class action alleges that NIKE and certain executives misled investors about the company’s direct-to-consumer strategy, competitive advantages, innovation pipeline, brand strength, and growth prospects. The complaint alleges that NIKE’s shift away from wholesale and retail partners could not generate sustainable revenue growth and left the company vulnerable to increasing competition. The operative securities litigation covers the period from March 19, 2021, through October 1, 2024.