Three Nike shareholders filed a multi-million dollar lawsuit against the members of the company's board of directors for allegedly failing their fiduciary duties and sullying the company's reputation by allowing a culture of s-xism and discrimination.
The suit, first reported by the Portland Business Journal, names Nike co-founder Phil Knight, 13 members of the company's board, and the company itself as defendants. Filed August 31. Should be interesting to follow this.
See the Portland Business Journal or the Willamette Week for the full story.