Nike Faces Another Derivative Shareholder Suit
The Eager Beavertons were hit with a third proposed shareholder class action suit filed in OR district court by Benjamin Lapin, naming president and CEO, John Donahoe, CFO, Matthew Friend and several directors as defendants. The suit repeats many of the allegations of two earlier suits, claiming the Swoosh misled investors by concealing its struggles with Nike Direct and DTC strategy, resulting in a lower gross margin and declining sales. Towards the end of last year, ... Log in to view full article.
