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CROCS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Crocs, Inc. - CROX
CROXCrocs(CROX) Prnewswire·2025-01-25 03:50

Lawsuit Overview - Crocs Inc and certain executives are charged with failing to disclose material information during the Class Period, violating federal securities laws [3] - The lawsuit is pending in the United States District Court for the District of Delaware [1] - Investors who purchased Crocs shares between November 3, 2022, and October 28, 2024, have until March 24, 2025, to file lead plaintiff applications [1] Financial Impact - Crocs reported disappointing 3Q 2024 financial results, with HEYDUDE revenues falling below expectations [4] - The company cited excess inventories in the market and a longer-than-expected turnaround time for HEYDUDE's performance [4] - Following the earnings report, Crocs' stock price declined by 26.47pershare,orapproximately19.226.47 per share, or approximately 19.2%, from 138.05 to $111.58 on October 29, 2024 [5] Acquisition Context - Crocs completed the acquisition of HEYDUDE, a casual and lightweight footwear brand, in February 2022 [4] - HEYDUDE's underperformance has significantly impacted Crocs' financial results and stock price [4][5] Legal Assistance - Investors can visit ClaimsFiler's website or call toll-free for assistance with legal options related to the lawsuit [2] - ClaimsFiler provides free access to information and settlement websites for securities class action cases, allowing investors to submit claims and inquiries [6][7]