Important Investor Alert: Crocs, Inc. Securities Class Action Lawsuit
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. (NasdaqGS: CROX), if they purchased the Company’s shares between November 3, 2022, and October 28, 2024, inclusive (the “Class Period”).
The lawsuit alleges that Crocs and certain of its executives made false and/or misleading statements and/or failed to disclose material information during the Class Period, violating federal securities laws.
Background on the Lawsuit
According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that:
- The Company’s financial results were being negatively impacted by increased competition and supply chain disruptions;
- The Company was experiencing declining sales and profitability;
- The Company’s growth prospects were weaker than represented;
- The Company’s accounting practices were inadequate and failed to reflect the true financial condition of the Company.
Impact on Individual Investors
If you purchased Crocs, Inc. shares during the Class Period, you may be entitled to recover your investment losses, including damages resulting from the alleged securities laws violations. To be a part of the class action, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. However, in order to be eligible to share in any recovery, you must file a lead plaintiff application by March 24, 2025.
Impact on the World
The securities class action lawsuit against Crocs, Inc. could have far-reaching consequences for the footwear industry and the investment community as a whole. The allegations of misrepresentation and accounting irregularities could damage the Company’s reputation and lead to increased scrutiny from regulatory bodies. Additionally, the lawsuit could result in significant financial losses for the Company and its executives, potentially affecting shareholder value and investor confidence.
Conclusion
Kahn Swick & Foti, LLC continues to investigate the securities class action lawsuit against Crocs, Inc. If you purchased Crocs, Inc. shares during the Class Period and wish to discuss your legal rights, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email at [email protected]. If you wish to serve as a lead plaintiff in this class action, you must file a lead plaintiff application by March 24, 2025. KSF takes pride in providing its clients with comprehensive and results-driven representation, and the Firm’s securities team has recovered billions of dollars for victims of securities fraud.
To learn more about KSF, you may visit www.ksfcounsel.com.
