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Article Date: July 2024
Word Count: 176

Nike Hit with Derivative Shareholder Suit


The complaint was filed in OR district court by Danny Leung on behalf of shareholders, accusing the Eager Beavertons, John Donahoe, Matthew Friend, Mark Parker, Peter Henry, and several other Swoosh executives of making misleading statements about the strength of its digital platforms and its DTC strategy from Mar. 18, 2021, through Jun. 27, 2024. The suit goes on to say that between Apr. 1, 2021 and Feb. 29, 2024, Nike repurchased about 106,889,217 shares, costing the company over ... Log in to view full article.

 


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