Investors face losses as Nike NFT creators RTFKT plan to shut down
- Rosen Law Firm investigates claims related to Nike-themed NFTs issued by RTFKT, Inc. following the company's announcement to wind down operations.
- The firm is preparing a class action lawsuit to help affected investors recover losses.
- Investors are urged to choose qualified counsel as many firms lack experience in litigating securities class actions.
In New York, New York, the Rosen Law Firm announced on March 28, 2025, that it is investigating potential legal claims on behalf of purchasers of Nike-themed non-fungible tokens (NFTs) issued by RTFKT, Inc. This investigation comes after RTFKT publicly stated plans to wind down its operations on December 2, 2024. The announcement negatively impacted investors holding these NFTs, resulting in considerable losses. The Rosen Law Firm is preparing a class action lawsuit aimed at recovering these losses. The firm highlighted the importance of selecting skilled legal counsel, particularly since many firms tout experience but lack the necessary resources to litigate securities class actions effectively. The Rosen Law Firm has a credible reputation, having achieved significant settlements in previous class actions. Additionally, in a related investigation, Faruqi & Faruqi, LLP is looking into claims involving TELUS International, where investors incurred significant losses exceeding $50,000. This investigation underscores the broader implications of corporate restructuring in the tech and digital asset sectors and the responsibility of firms in providing transparent communications to investors. As the investigations unfold, both law firms are actively encouraging affected investors to seek representation and participate in potential class actions to secure accountability from the companies involved.