NIKE SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuit Against NIKE, Inc. – NKE

Core Viewpoint - NIKE, Inc. is facing a securities class action lawsuit for failing to disclose material information, with a deadline for lead plaintiff applications set for August 19, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit is titled "City Pension Fund for Firefighters and Police Officers in the City of Pembroke Pines v. NIKE, Inc., et al., 24-cv-00974" and is pending in the United States District Court for the District of Oregon [1][2]. - Allegations against NIKE and certain executives include violations of federal securities laws due to the failure to disclose material information during the Class Period [1]. Group 2: Financial Performance - On March 21, 2024, NIKE reported a 3% year-over-year decline in revenue in its Europe, Middle East, and Africa segment [2]. - NIKE Digital revenue also saw a 3% year-over-year decline, while NIKE Direct experienced minimal growth of approximately 0.4% year-over-year [2]. - Following the financial results announcement, NIKE Class B shares dropped by $6.96, or nearly 7$93.86 per share on March 22, 2024, down from $100.82 per share [2]. Group 3: ClaimsFiler Information - ClaimsFiler is a free shareholder information service aimed at helping retail investors recover funds from securities class action settlements [2]. - Investors can register for free to access information on various securities class action cases, upload portfolio data for notifications on relevant cases, and submit inquiries for free case evaluations [2].