NIKE INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of NIKE, Inc. - NKE
NEW ORLEANS--(BUSINESS WIRE)--Sep 21, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NIKE, Inc. (NYSE: NKE).
On August 9, 2018, former employees of NIKE filed a class action lawsuit in federal court against the Company based on a pattern of sexual harassment and discrimination wherein women were “devalued and demeaned” and that their “career trajectories are blunted because they are marginalized and passed over for promotions” with “lower salaries, smaller bonuses, and fewer stock options” than their male counterparts. Further, the lawsuit charges that the Company “avoided taking any meaningful corrective or preventive actions” in response to numerous complaints of “hostility and sexual harassment” reported to managers and human resources.
KSF’s investigation is focusing on whether NIKE’s officers and/or directors breached their fiduciary duties to NIKE’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of NIKE shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( email@example.com ), or visit https://www.ksfcounsel.com/cases/nyse-nke/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2018.
PUB: 09/21/2018 10:50 PM/DISC: 09/21/2018 10:50 PM