StockNews.AI
CROX
StockNews.AI
175 days

Investors who lost money on Crocs, Inc.(CROX) should contact Levi & Korsinsky about pending Class Action - CROX

1. Crocs faces class action suit alleging securities fraud. Losses targeted. 2. Complaint cites concealed HEYDUDE revenue and excess inventory. Financial performance questioned. 3. Lawsuit covers Nov 2022 to Oct 2024 losses. Investors urged to join.

4m saved
Insight
Article

FAQ

Why Bearish?

The lawsuit allegations may trigger investor concerns and short-term volatility. Similar legal cases have led to immediate negative price reactions, even if long-term fundamentals remain stable.

How important is it?

The litigation directly targets Crocs and involves alleged securities fraud over an extended period, likely influencing investor behavior and short-term price movements.

Why Short Term?

Litigation news tends to affect investor sentiment and price in the near term, with uncertain long-term effects once resolved.

Related Companies

CROX
NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Crocs investors who were adversely affected by alleged securities fraud between November 3, 2022 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/crocs-inc-lawsuit-submission-form?prid=131749&wire=4 CROX investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the nature and sustainability of footwear brand, HEYDUDE's revenue growth by concealing that 2022 revenue growth was driven, in large part, by the Company's efforts to stock third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE; (2) as the Company's retail partners began to destock this excess inventory, waning product demand further negatively impacted the Company's financial results; and (3) as a result, defendants' representations about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in Crocs during the relevant time frame, you have until March 24, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004[email protected] Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky, LLP

Related News