CROX CLASS ACTION NOTICE: Crocs, Inc. Investors that Suffered Losses are Notified to Contact BFA Law before the March 24 Court Deadline (NASDAQ:CROX)

Core Viewpoint - A lawsuit has been filed against Crocs, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misleading statements about the company's inventory practices and revenue growth from its acquisition of HEYDUDE [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Carretta v. Crocs, Inc., et al., No. 25-cv-00096, with investors having until March 24, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Crocs common stock [2]. Group 2: Allegations Against Crocs - Crocs' CEO, Andrew Rees, allegedly misled investors by stating that the company would not overstock wholesalers, while in reality, HEYDUDE's revenue growth was significantly driven by Crocs' aggressive stocking of third-party wholesalers [3]. - The company faced scrutiny after revealing that HEYDUDE's revenue growth in 2022 was not indicative of actual retail sales, leading to a significant stock price decline of nearly 16% on April 27, 2023 [4]. Group 3: Financial Performance and Stock Impact - On October 29, 2024, Crocs reported disappointing Q3 2024 results, attributing struggles at HEYDUDE to excess inventories and acknowledging that they shipped too much product, which led to a stock price drop of approximately 19% [5].