Important Investor Alert: Deadline Reminder for Crocs, Inc. Securities Class Action Lawsuit
New York, NY and New Orleans, LA – March 14, 2025
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). The lawsuit was filed in the United States District Court for the Southern District of Florida and alleges that Crocs and certain of its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information during the Class Period, which is defined as the period from November 3, 2022, to October 28, 2024.
Background on the Class Action Lawsuit
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material information during the Class Period about the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the defendants failed to disclose that Crocs was experiencing significant declines in sales and profits due to increased competition and changing consumer preferences. The complaint further alleges that the defendants failed to disclose the extent of these issues and their impact on the Company’s financial results and future prospects.
Impact on Individual Investors
If you purchased Crocs shares during the Class Period and suffered losses as a result, you may be eligible to recover your losses as a plaintiff in this class action lawsuit. To be a lead plaintiff, you must meet certain requirements and act quickly. Lead plaintiffs are typically the largest institutional investors with the most significant financial interests in a case. They play a critical role in the litigation process and help shape the direction of the case. If you wish to act as a lead plaintiff, you must file your motion with the Court no later than March 24, 2025.
Impact on the World
The securities class action lawsuit against Crocs is significant because it highlights the importance of transparency and accuracy in the financial reporting of publicly traded companies. The lawsuit also underscores the need for investors to carefully monitor the companies they invest in and to be vigilant for potential red flags that may indicate fraudulent or misleading conduct. The outcome of this case could have far-reaching implications for the securities industry as a whole and could help deter companies from engaging in similar misconduct in the future.
Conclusion
If you purchased Crocs shares during the Class Period and suffered losses, you may be eligible to recover your losses as a plaintiff in this class action lawsuit. The deadline to file lead plaintiff applications is March 24, 2025. For more information, or if you have any questions, please contact KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., at 1-877-515-1850 or via email at [email protected].
- Crocs, Inc. (CROX)
- Securities Class Action Lawsuit
- November 3, 2022, to October 28, 2024
- Allegations of false and/or misleading statements and/or failure to disclose material information
- Deadline to file lead plaintiff applications: March 24, 2025
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is a leading securities litigation law firm with offices in New York, New Jersey, Louisiana, and California. KSF’s partners include former Louisiana Attorney General Charles C. Foti, Jr. Our attorneys have extensive experience in securities class action lawsuits and complex commercial litigation.
