Edition:
United Kingdom

Nike Says "Has Been Cooperating With The Government’S Investigation Into NCAA Basketball For Over A Year"


Monday, 25 Mar 2019 

March 25 (Reuters) - Nike Inc ::NIKE SAYS "WHEN NIKE BECAME AWARE" OF MICHAEL AVENATTI MATTER, "NIKE IMMEDIATELY REPORTED IT TO FEDERAL PROSECUTORS".NIKE SAYS WHEN AVENATTI ATTEMPTED TO EXTORT CO OVER NCAA BASKETBALL MATTER, CO WITH ASSISTANCE OF OUTSIDE COUNSEL AT BOIES SCHILLER FLEXNER, "AIDED THE INVESTIGATION".NIKE SAYS "HAS BEEN COOPERATING WITH THE GOVERNMENT’S INVESTIGATION INTO NCAA BASKETBALL FOR OVER A YEAR".NIKE SAYS "WILL NOT BE EXTORTED OR HIDE INFORMATION THAT IS RELEVANT TO A GOVERNMENT INVESTIGATION".