Important Investor Alert: Deadline Reminder for 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”).
Background on the Class Action Lawsuit
The complaint alleges that during the Class Period, Crocs and certain of its executives made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and financial condition, including:
- The Company’s failure to disclose the impact of increased competition on its sales and profitability.
- The Company’s failure to disclose declining demand for its traditional clogs product line.
- The Company’s failure to disclose the impact of supply chain disruptions on its operations and financial results.
Impact on Individual Investors
If you purchased Crocs shares during the Class Period, you may be able to recover your losses by serving as a lead plaintiff. In order to be a lead plaintiff, you must meet certain requirements set forth in the Securities Act of 1933. You do not need to be the first filer, or the largest holder of the securities, to qualify. If you wish to serve as a lead plaintiff, you must meet certain legal requirements and must be willing to cooperate with your counsel in advancing the litigation. Lead plaintiffs are generally appointed on a rotating basis, depending upon the size of their holdings and other factors. KSF encourages investors who have significant holdings of Crocs shares and incurred substantial losses during the Class Period to contact KSF to discuss their eligibility to lead the class action.
Impact on the World
The securities class action lawsuit against Crocs, Inc. could have far-reaching implications for the footwear industry as a whole. If the allegations in the complaint are proven true, it could potentially lead to increased scrutiny of other companies in the industry, as well as increased transparency and disclosure requirements. Additionally, it could serve as a reminder to investors to carefully consider the risks associated with investing in companies that may be facing significant competitive pressures or supply chain disruptions.
Conclusion
If you purchased Crocs shares during the Class Period and have suffered significant losses, KSF encourages you to contact the Firm to discuss your potential role as a lead plaintiff in this securities class action lawsuit. KSF takes pride in its efforts to provide investors with high-quality representation, and the Firm has recovered billions of dollars for its clients. For more information about KSF, please visit www.ksfcounsel.com.
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC (KSF) is a law firm based in New Orleans, Louisiana and Baton Rouge, Louisiana that focuses on securities class actions, derivative actions and complex litigation involving securities, antitrust, and consumer issues. KSF’s partners include former Louisiana Attorney General Charles C. Foti, Jr., who was listed in The National Law Journal’s 2019 list of “Plaintiffs’ Hall of Fame.”
To reach KSF, you may call toll-free at 1-877-515-1850 or email [email protected].
