Important Investor Alert: Crocs, Inc. Securities Class Action Lawsuit
New York, NY and New Orleans, LA, March 18, 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), if they purchased the Company’s shares between November 3, 2022, and October 28, 2024, inclusive (the “Class Period”). The action is pending in the United States District Court for the District of Delaware.
Background on the Lawsuit
The complaint 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. Specifically, the lawsuit alleges that the defendants failed to disclose: (1) that Crocs was experiencing declining sales and revenue due to increased competition and changing consumer preferences; (2) that the Company’s financial statements for the periods in question contained material misstatements and omissions; and (3) that Crocs was experiencing challenges in its international markets.
Impact on Individual Investors
If you purchased Crocs shares during the Class Period and have suffered a loss, you may be able to recover your losses. Investors who wish to serve as lead plaintiff in the action must meet certain legal requirements. To be a lead plaintiff, you must meet certain requirements and be among the first to file an application with the court. You do not need to be the first person to file a claim to be a member of the class. You may retain KSF or other counsel of your choice to serve as your counsel in this action.
Impact on the World
The securities class action lawsuit against Crocs could have significant implications for the footwear industry as a whole. The lawsuit highlights the importance of transparency and accuracy in financial reporting, particularly in the face of increasing competition and changing consumer preferences. It also underscores the need for companies to disclose material information in a timely and accurate manner to investors. The outcome of this case could set a precedent for future securities class action lawsuits and may influence investor confidence in the footwear industry.
Conclusion
If you purchased Crocs shares during the Class Period and have suffered a loss, you may be able to recover your losses. KSF encourages investors who have suffered significant losses to contact the firm as soon as possible to discuss their legal rights. For more information about this class action lawsuit and your potential recovery, please contact KSF by email at [email protected] or through the firm’s website at www.ksfclaw.com/case/crocs-inc-crox/.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with mergers & acquisitions and complex commercial litigation for clients. The firm has offices in New York, California and Louisiana and serves a diverse range of clients ranging from individuals to large institutions.
To learn more about KSF, you may visit www.ksfclaw.com.
- Kahn Swick & Foti, LLC
- 1100 Poydras St, Suite 3200
- New Orleans, LA 70113
- 1285 Avenue of the Americas, Suite 2100
- New York, NY 10019
- Phone: 504-483-1345
- Fax: 504-593-9650
- Email: [email protected]
