Nike’s wind-down of its three-year NFT experiment is now facing a proposed class action lawsuit filed by Australian resident Jagdeep Cheema in Brooklyn federal court, accusing the Swoosh of a “rug pull” in shutting down its RTFKT unit in Dec. The filing estimates the class to be in the thousands, with damages exceeding the $5,000,000 needed to sue in the federal venue. The suit alleges Nike violated consumer protection laws in NY, CA, FL, and OR, seeking damages in an amount to be determined at trial. Nike purchased RTFKT at the ... Log in to view full article.