Energy News / Shareholders Foundation, Inc.

NYSE:NKE Shareholder Notice: Investigation over Potential Wrongdoing at NIKE, Inc.

Via: ReleaseWire

Updated 11:22 AM CDT, Fri, May 11,2018

An investigation on behalf of investors in NIKE, Inc. (NYSE: NKE) shares over potential wrongdoing at NIKE, Inc. was announced and NYSE: NKE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/11/2018 -- An investigation was announced for investors in shares of NIKE, Inc. (NYSE: NKE) concerning potential breaches of fiduciary duties by certain officers and directors at NIKE, Inc.

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 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

On May 10, 2018, NYSE: NKE closed at $67.92 per share.

Those who purchased shares of NIKE, Inc. (NYSE: NKE), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysenke-shareholder-notice-investigation-potential-wrongdoing-nike-inc-976539.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com