Securities Litigation Alert: Crocs Investors Encouraged to Contact Faruqi & Faruqi, LLP
Investors who have suffered losses as a result of their investments in Crocs, Inc. (NASDAQ: CROX) are encouraged to contact the securities attorneys at Faruqi & Faruqi, LLP. The firm’s securities litigation partner, James (Josh) Wilson, is leading an investigation into potential securities laws violations at the company.
Background on the Investigation
Faruqi & Faruqi’s investigation focuses on whether Crocs and certain of its executives and directors violated federal securities laws by making false and/or misleading statements and/or failed to disclose material information to investors.
Specifically, the firm is investigating whether Crocs and its executives and directors made false and/or misleading statements and/or failed to disclose: (1) the impact of the COVID-19 pandemic on the company’s business and financial condition; (2) the company’s internal control over financial reporting; and (3) the company’s revenue recognition practices.
Impact on Individual Investors
If you invested in Crocs securities between February 12, 2020 and May 6, 2021, you may be entitled to join the action. The investigation seeks to recover damages on behalf of investors and is not binding on any class or individual.
If you suffered losses, you can contact the firm directly to discuss your options. Faruqi & Faruqi takes all cases on contingency and only receives compensation if you recover. You can contact the firm at 212-983-9330 or by emailing [email protected].
Impact on the World
The investigation into Crocs is not just an isolated incident. In the wake of the COVID-19 pandemic, there has been a surge in securities fraud cases as companies struggle to adapt to the new business environment.
According to a report by the Securities and Exchange Commission (SEC), there was a 50% increase in the number of securities class action lawsuits filed in 2020 compared to the previous year. The SEC also reported that the median settlement amount in these cases was $42.5 million, up from $36.3 million in 2019.
The impact of these cases goes beyond just the investors who are directly affected. They can also have a ripple effect on the broader market, as they can lead to increased scrutiny of other companies in similar industries and potentially deter investors from putting their money into the stock market.
Conclusion
If you invested in Crocs and believe that you may have suffered losses as a result of the company’s alleged securities law violations, it is important to take action. Contacting the securities attorneys at Faruqi & Faruqi, LLP can help you understand your options and potentially recover damages.
More broadly, the investigation into Crocs is just one example of the increased scrutiny that companies are facing in the wake of the COVID-19 pandemic. As investors, it is important to stay informed and vigilant, and to seek the advice of legal professionals if you have concerns about the integrity of a company’s financial reporting.
- Contact Faruqi & Faruqi, LLP if you invested in Crocs and suffered losses
- Investigation focuses on potential securities law violations
- Impact of COVID-19 pandemic, internal control over financial reporting, and revenue recognition practices under investigation
- Investors may be entitled to join the action and recover damages
- Impact on the broader market: increased scrutiny and potential deterrence of investors
