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Nike Tariff Lawsuit Adds Pressure To Margins And Investor Confidence
Nike (NYSE:NKE) has been named in a proposed consumer class action lawsuit over alleged unlawful tariff-related pricing practices.
The lawsuit claims Nike passed on illegal tariff costs to customers and did not provide refunds after a Supreme Court ruling struck down those tariffs.
Plaintiffs are seeking relief on the basis of alleged unjust enrichment and unfair pricing.
Nike is a global sportswear and footwear company, and its products are closely tied to consumer spending and brand...