MONDAY DEADLINE: The Schall Law Firm Announces it is Investigating Claims Against Skechers USA, Inc. & Encourages Investors w...
November 01 2018 - 12:43PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Skechers USA, Inc. ("Skechers" or the "Company")
(NYSE: SKX) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Skechers lacked the infrastructure
necessary to manage demand and sustain growth internationally. The
Company instead relied on costly third-party operations solutions
to manage the business. These costs would be likely to outgrow
sales in the future, and international sales growth would not be
likely without continued heavy expenditures. Based on these facts,
the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the
truth about Skechers, investors suffered damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181101005863/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
Skechers USA (NYSE:SKX)
Historical Stock Chart
From May 2024 to Jun 2024
Skechers USA (NYSE:SKX)
Historical Stock Chart
From Jun 2023 to Jun 2024