U.S. Markets closed

Nike Lawsuit 2018: 7 Things We Know About Gender Discrimination Claims

Karl Utermohlen

Nike (NYSE:NKE) has been hit with a lawsuit as some of the company’s female employees claimed that the company has gender discrimination practices and the way some of the men behave is reminiscent of a fraternity house.

Here’s what you should know:

  • Nike LawsuitFour women filed suit against the athletics apparel maker over a reported culture of sexual harassment and unequal treatment of women.
  • The class-action lawsuit was filed last Thursday in the U.S. District Court in Portland.
  • The move is one of the first such suits to hit Nike since there were a number of complaints regarding the company paying women less, while its male employees have been harassing them sexually
  • The company has been attempting to make amends for this behavior by dismissing at least 11 executives in March and April.
  • However, some believe that the move was too little, too late, including employment lawyer Laura Salerno Owens. “Nike has a real good-old-boy’s culture,” the Markowitz Herbold attorney said.  “Women came into the company paid less than men, then they are ranked more harshly and, as a result, got smaller raises and bonuses,” she added.
  • The suit accuses the company of violating the Federal Equal Pay Act, the Oregon Equal Pay Act and the Oregon Equality Act.
  • The women are not seeking monetary damages as they simply want the company to pay its employees fairly regardless of gender.

NKE stock was down about 0.7% during regular trading hours Monday following news of the lawsuit.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

More From InvestorPlace

Compare Brokers

The post Nike Lawsuit 2018: 7 Things We Know About Gender Discrimination Claims appeared first on InvestorPlace.