Crocs(CROX) GlobeNewswire News Room·2025-01-25 14:31Lawsuit Overview - The law firm Robbins Geller Rudman & Dowd LLP announced a class action lawsuit against Crocs Inc for purchasers or acquirers of Crocs common stock between November 3 2022 and October 28 2024 [1] - The lawsuit alleges violations of the Securities Exchange Act of 1934 by Crocs and certain top executives [1] Case Allegations - Crocs completed the acquisition of HEYDUDE in February 2022 a footwear brand focusing on casual comfortable and lightweight footwear [2] - The lawsuit alleges that Crocs CEO Andrew Rees made false and/or misleading statements regarding the nature and sustainability of HEYDUDE's revenue growth [2] - The 2022 revenue growth was allegedly driven by Crocs' efforts to stock third-party wholesalers and retailers following the HEYDUDE acquisition [2] - As retail partners began to destock excess inventory waning product demand negatively impacted Crocs' financial results [2] Lead Plaintiff Process - Investors who purchased or acquired Crocs common stock during the Class Period can seek appointment as lead plaintiff in the lawsuit [3] - The lead plaintiff acts on behalf of all other class members and can select a law firm to litigate the case [3] - An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff [3] About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm representing investors in securities fraud cases [4] - The firm has secured the most monetary relief for investors in six out of the last ten years according to ISS Securities Class Action Services rankings [4] - Robbins Geller recovered 7 2 billion in the Enron case [4]