Company Website:
http://www.kleinstocklaw.com/
NEW YORK -- (Business Wire)
The Klein Law Firm announces that a class action complaint has been
filed on behalf of shareholders of Skechers U.S.A., Inc. (NYSE: SKX) who
purchased shares between April 23, 2015 and
October 22, 2015. The action, which was filed in the United
States District Court for the Southern District of New York, alleges
that the Company violated federal securities laws.
The complaint alleges that, during the Class Period, statements made by
defendants pertaining to back-half 2015 customer demand and sales growth
related thereto were materially false and misleading because Defendants
failed to disclose that: (1) the Company’s Domestic Wholesale customers
took early receipt of fall 2015 inventory, causing them to delay receipt
of and, in some cases, cancel pending orders scheduled for delivery in
the second half of 2015; (2) as a result of the foregoing, the Company’s
Domestic Wholesale growth rate was unsustainable; and (3) the Company’s
positive statements about its business, operations, and prospects lacked
a reasonable basis.
Shareholders have until December 22, 2017 to petition the court
for lead plaintiff status. Your ability to share in any recovery does
not require that you serve as lead plaintiff. You may choose to be an
absent class member.
If you suffered a loss during the class period and wish to obtain
additional information, please contact Joseph Klein, Esq. by telephone
at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sbm/skechers-u-s-a-inc?wire=2.
Joseph Klein, Esq. represents investors and participates in securities
litigations involving financial fraud throughout the nation. Attorney
advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171114006321/en/
Contacts:
The Klein Law Firm
Joseph Klein, Esq.
Telephone: 212-616-4899
Fax:
347-558-9665
www.kleinstocklaw.com
Source: The Klein Law Firm
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