The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 24, 2025 in Crocs, Inc. Lawsuit - CROX

1. CROX faces a class-action lawsuit over misleading statements regarding HEYDUDE's revenue growth. 2. Allegations highlight that revenue growth was unsustainable due to excessive inventory. 3. Destocking by retail partners further indicates declining demand affecting CROX's financial outlook.

Legal

75

4m saved

Insight

Article

FAQ

Why Bearish?

The lawsuit suggests serious questions about CROX's revenue integrity, similar situations have previously led to stock declines.

How important is it?

The class-action lawsuit could materially affect CROX's stock price and investor confidence.

Why Short Term?

The immediate concern is over the lawsuit's outcomes, which could lead to decreased investor confidence.

Related Companies

CROX HEYDUDE

NEW YORK, Jan. 27, 2025 /PRNewswire/

The Gross Law Firm issues the following notice to shareholders of Crocs, Inc. (NASDAQ: CROX).

Shareholders who purchased shares of CROX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/crocs-inc-loss-submission-form/?id=124885&from=4

CLASS PERIOD: November 3, 2022 to October 28, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

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;
as the Company's retail partners began to destock this excess inventory, waning product demand further negatively impacted the Company's financial results;
as a result, defendants' representations about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

DEADLINE: March 24, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/crocs-inc-loss-submission-form/?id=124885&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of CROX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 24, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

SOURCE The Gross Law Firm