Lawsuit Overview - The Crocs class action lawsuit represents purchasers or acquirers of Crocs, Inc (NASDAQ: CROX) common stock between November 3, 2022, and October 28, 2024 [1] - The lawsuit charges Crocs and certain top executives with violations of the Securities Exchange Act of 1934 [1] Case Allegations - Crocs completed the acquisition of HEYDUDE, a casual footwear brand, in February 2022 [3] - The lawsuit alleges that Crocs' CEO assured investors that the company would not overstock wholesalers, but revenue growth was driven by stocking third-party wholesalers and retailers post-acquisition [3] - As retail partners began destocking excess inventory, waning product demand negatively impacted Crocs' financial results [3] Lead Plaintiff Process - Investors who purchased or acquired Crocs common stock during the Class Period can seek appointment as lead plaintiff [4] - The lead plaintiff acts on behalf of all class members and can select a law firm to litigate the case [4] About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having secured 7.2 billion in the Enron case [5]
CROX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Crocs, Inc. Investors with Substantial Losses Have Opportunity to Lead the Crocs Class Action Lawsuit