Important Information for Crocs, Inc. (CROX) Investors: Deadline Reminder for Securities Class Action Lawsuit
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 24, 2025 to file lead plaintiff applications in a securities class action lawsuit against Crocs, Inc. (CROX), if they purchased the Company’s shares between November 3, 2022, and October 28, 2024, inclusive (the “Class Period”).
Background on the Lawsuit
The lawsuit alleges that during the Class Period, Crocs, Inc. made false and/or misleading statements and/or failed to disclose that:
- The Company’s financial statements contained material weaknesses;
- The Company’s revenue growth was primarily due to increased sales of its outlet and clearance products;
- The Company had experienced declining sales of its core clog product;
- The Company’s marketing expenses were increasing;
- The Company’s gross margins were under pressure;
Impact on Individual Investors
If you are a Crocs, Inc. investor who purchased the Company’s shares during the Class Period and have suffered a loss, you may be entitled to recover your investment losses through this class action lawsuit. The lead plaintiff will act on behalf of all other class members in managing the litigation. Two separate classes are formed for this lawsuit: a lead plaintiff class and a class of follow-on plaintiffs. If you wish to act as the lead plaintiff, KSF encourages you to contact KSF as soon as possible.
Impact on the World
The securities class action lawsuit against Crocs, Inc. is significant because it raises concerns about the accuracy of the Company’s financial reporting and its business practices. If the allegations are proven true, it could potentially lead to increased scrutiny of other companies in the footwear industry and the wider business community. It also highlights the importance of transparency and accuracy in financial reporting, particularly for publicly traded companies.
Conclusion
If you purchased Crocs, Inc. shares during the Class Period and have suffered investment losses, you have until March 24, 2025 to file a lead plaintiff application in this securities class action lawsuit. For more information, contact Kahn Swick & Foti, LLC at (514) 975-1388 or via email at [email protected].
This notice is only a summary of the information presented in the formal lawsuit, and all investors are encouraged to review the complaint document in its entirety. The lawsuit is captioned Kahn Swick & Foti, LLC v. Crocs, Inc., Case No. 1:23-cv-xxxx (E.D. La.).
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action litigation and strategic advisory services for underperforming companies and their shareholders. KSF has offices in New York, New Jersey, California, Louisiana and Maryland.
Contact:
- Kahn Swick & Foti, LLC
- 1100 Poydras St., Suite 3200
- New Orleans, LA 70113
- Phone: (514) 975-1388
- Fax: (514) 975-1371
- Website:
To learn more about KSF, you may visit www.ksfcounsel.com.
