ACT NOW: Monteverde & Associates PC Announces An Investigation Of Skechers U.S.A., Inc. - SKX

NEW YORK, Oct. 30, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York against Skechers U.S.A., Inc. (NYSE: SKX)("Skechers" or the "Company") on behalf of purchasers of the Company's securities between April 23, 2015 and October 22, 2015, inclusive (the "Class Period").

The lawsuit is based on whether Skechers and its executives violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  On October 22, 2015, post-market, Skechers announced its financial results for third quarter 2015, which included net sales that fell short of analysts' consensus estimates.  The Company advised investors that $20 million in net sales were shifted from third quarter 2015 into second quarter 2015 due to early customer deliveries, and blamed its sales miss on Skechers' inability to make up this shortfall in third quarter 2015, citing a weaker-than-expected retail environment.  Following this news, Skechers stock dropped $14.55 per share, or 31.5%, to close at $31.64 on October 23, 2015.

Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.

If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2017.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Click here for more information: http://monteverdelaw.com/securities/.  It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2017 Monteverde & Associates PC.  Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE Monteverde & Associates PC

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