Important Information for Investors: Securities Class Action Lawsuit Against Crocs, Inc.
New York, NY and 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. (CROX). The lawsuit was filed in the United States District Court for the Southern District of Texas and 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, which is between November 3, 2022, and October 28, 2024.
Background on the Class Action Lawsuit
According to the complaint, the defendants made false and/or misleading statements and/or failed to disclose that:
- Crocs was experiencing declining sales and increasing competition in the clog market;
- The Company’s financial statements for the fiscal years 2023 and 2024 were materially misstated;
- Crocs’ internal controls over financial reporting were inadequate;
- The Company was experiencing issues with its supply chain and inventory management.
As a result of this information being withheld from the investing public, Crocs’ shares traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of Crocs’ shares significantly declined.
How this Affects Individual Investors
If you purchased Crocs, Inc. shares during the Class Period and suffered losses as a result, you may be eligible to recover your losses as a lead plaintiff in this class action lawsuit. Lead plaintiffs are generally the first investors to file a securities class action and play a significant role in the litigation. KSF encourages investors who have suffered losses to contact the Firm as soon as possible to discuss their potential role in this litigation.
How this Affects the World
The securities class action lawsuit against Crocs, Inc. is an important reminder for investors to carefully research companies and their financial statements before making investment decisions. It also highlights the importance of transparency and accurate reporting by publicly traded companies. The outcome of this lawsuit could have implications for the securities industry as a whole, as it may set a precedent for future securities class action lawsuits.
Conclusion
If you purchased Crocs, Inc. shares between November 3, 2022, and October 28, 2024, and suffered losses as a result, you may be eligible to recover your losses as a lead plaintiff in a securities class action lawsuit against the Company. Kahn Swick & Foti, LLC encourages investors to contact the Firm as soon as possible to discuss their potential role in this litigation. The outcome of this lawsuit could have significant implications for the securities industry and the importance of transparency and accurate reporting by publicly traded companies.
For more information about this class action lawsuit and your potential role as a lead plaintiff, please contact KSF Managing Partner, Melinda Foti, at 1-877-515-1850 or [email protected].
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC (KSF) is a leading securities litigation law firm with offices in New York, California, Louisiana and New Jersey. KSF has significant experience in securities class action lawsuits and other complex litigation in state and federal courts nationwide. KSF’s lawyers have recovered billions of dollars for victims of securities fraud, including in actions against Enron, WorldCom, Lehman Brothers, and many other companies.
