NEW YORK, June 14, 2017 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of NIKE, Inc.
(“NIKE” or the “Company”) (NYSE: NIKE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether NIKE and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 14, 2017, the European Commission’s (“EC”) antitrust division announced a formal investigation into Nike’s licensing and distribution practices. The focus of the EC investigation is “whether certain licensing and distribution practices of Nike . . . illegally restrict traders from selling licensed merchandise cross-border and online within the EU Single Market” in violation of EU competition rules.
On this news, Nike’s share price has fallen as much as $0.36 during intraday trading on June 14, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP