Company Website: http://www.powerstaylor.com
DALLAS -- (Business Wire)

Former United States Securities and United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of Skechers USA, Inc. (“Skechers” or “SKX”) (NYSE: SKX) for potential breaches of fiduciary duties. Specifically, on May 16, 2012, Skechers announced it had entered into a $45 million global settlement agreement to dispose of all legal claims brought by the United States Federal Trade Commission and multiple states’ Attorneys Generals relating to allegations that it made unsupported advertising claims in connection with marketing its line of toning shoes.

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

According to shareholder rights attorney Willie Briscoe, “The recent revelations that Skechers may have engaged in improper marketing and advertising efforts that resulted in a $45 million settlement payout are troubling. Based on our investigation, we are prepared to institute litigation to preserve the company and the value of Skechers stock for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Contacts:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com

Source: Powers Taylor, LLP