Energy News / Shareholders Foundation, Inc.

NYSE:SKX Shareholder Notice: Investigation over Potential Wrongdoing by Skechers U.S.A., Inc.

Via: ReleaseWire

Updated 7:00 AM CST, Wed, December 19,2018

An investigation on behalf of investors in Skechers U.S.A., Inc. (NYSE: SKX) shares over potential wrongdoing at Skechers U.S.A., Inc. was announced.

San Diego, CA -- (SBWIRE) -- 12/19/2018 -- An investigation on behalf of current long-term investors in shares of Skechers U.S.A., Inc. (NYSE: SKX) was announced over potential breaches of fiduciary duties by certain officers and directors at Skechers U.S.A., Inc.

Investors who purchased shares of Skechers U.S.A., Inc. (NYSE: SKX) and currently hold any of those NYSE: SKX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Skechers U.S.A., Inc. (NYSE: SKX officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On September 4, 2018, a lawsuit was filed against Skechers U.S.A., Inc. (NYSE: SKX), over alleged violations of Federal Securities Laws. According to the complaint the plaintiff alleges on behalf of purchasers of Skechers U.S.A., Inc. (NYSE: SKX) common shares between October 20, 2017 and July 19, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 20, 2017 and July 19, 2018, the Defendants failed to disclose thatSkechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets, that Skechers was relying on expensive, third-party operational solutions to drive its international sales growth, that Skechers' expenses would outgrow sales for the foreseeable future, that Skechers' international sales growth was not sustainable without such outgrown expenses, and that as a result of the foregoing, Defendants' statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Those who purchased shares of Skechers U.S.A., Inc. (NYSE: SKX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseskx-shareholder-notice-investigation-over-potential-wrongdoing-by-skechers-usa-inc-1106787.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com