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Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Crocs, Inc.(CROX) Shareholders

1. Crocs faces a class action securities fraud lawsuit. Investors are directly impacted. 2. Allegations claim misleading revenue growth info regarding HEYDUDE. The news may harm brand trust. 3. Retail partners destocked excess inventory. Financial results suffered notably. 4. Affected losses span Nov 2022 to Oct 2024. Investors must act before March 24, 2025.

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FAQ

Why Bearish?

The lawsuit introduces legal uncertainty and potential financial liabilities, reminiscent of past cases that pressured stock prices temporarily. Similar litigations in the market have led to investor nervousness and price declines.

How important is it?

The news directly targets CROX with significant legal risk, potentially affecting investor sentiment and causing near-term stock volatility. Though resolution may mitigate long-term damage, current concerns could weigh heavily on the stock's price.

Why Short Term?

The immediate market reaction is likely as investors digest legal risks, though long-term fundamentals may remain intact if issues are resolved. Historically, litigation events have caused short-term volatility.

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CROX
NEW YORK, Feb. 21, 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=130859&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

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