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Investors who purchased shares of NIKE, Inc. (NYSE: NKE) and currently hold any of those NYSE: NKE shares have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
An investigation on behalf of current long-term investors in shares of NIKE, Inc. (NYSE: NKE) was announced over potential breaches of fiduciary duties by certain officers and directors at NIKE, Inc.
The investigation by a law firm concerns whether certain NIKE, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
In March 281, it was reported that Nike's brand president and No. 2 executive has resigned from the company amid an investigation of inappropriate workplace behavior. A second Nike executive reportedly has also left NIKE, Inc. after a probe into inappropriate workplace behavior.
Beaverton, OR based NIKE, Inc. reported that its Total Revenue rose from over $32.37 billion for the 12 months period that ended on May 31, 2016 to over $34.35 billion for the 12 months period that ended on May 31, 2017 and that its Net Income for those respective time periods increased from $3.76 billion to $4.24 billion.
Shares of NIKE, Inc. (NYSE: NKE) grew from $50.35 per share in October 2017 to as high as $70.00 per share in April 2018.
