ATLANTA -- (Business Wire)

Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of Skechers USA Inc. (“Skechers” or the “Company”) (NYSE: SKX). On May 16, 2012, the Company announced it reached an agreement to settle allegations relating to claims it engaged in improper advertising while marketing its toning shoe products, including its Shape-ups brand. Skechers will pay $45 million to settle the legal claims brought by U.S. Federal Trade Commission and various state Attorneys General.

Holzer Holzer & Fistel, LLC’s investigation seeks to determine if Skechers’ Board of Directors breached its fiduciary duty to Company shareholders by, among other things, allowing the Company to engage in the advertising campaign that resulted in the settlement.

If you have held Skechers shares since at early 2010 and would like to discuss your legal rights, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.

Contacts:

Holzer Holzer & Fistel, LLC
Michael I. Fistel, Jr., Esq., (888) 508-6832 (toll-free)
mfistel@holzerlaw.com
or
Marshall P. Dees, Esq., (888) 508-6832 (toll-free)
mdees@holzerlaw.com

Source: Holzer Holzer & Fistel, LLC