Faruqi & Faruqi, LLP is Investigating Skechers USA Inc. on Behalf of its Shareholders - SKX

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May 21, 2012, 07:00 ET

NEW YORK, May 21, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Skechers USA Inc. ("Skechers" or the "Company") (NYSE: SKX). The investigation focuses on whether certain officers and directors of Skechers breached their fiduciary duties by causing or allowing the Company to engage in an unlawful and deceitful advertising campaign involving its toning shoe products.

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Request more information now by clicking here: www.faruqilaw.com/SKX.

On May 16, 2012, the Company announced it had reached an agreement to settle allegations that it engaged in improper and/or fraudulent advertising while marketing its toning shoe products, including its Shape-ups brand. Skechers will pay $45 million to settle the legal claims that were brought by the Federal Trade Commission and various state Attorneys General.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and derivative litigation. The firm is focused on providing exemplary legal services in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.

If you have held Skechers shares since at least early 2010 and you would like to discuss your legal rights, visit www.faruqilaw.com/SKX. You can also contact us by calling Beth Keller toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].

Contact:

Faruqi & Faruqi, LLP
Beth A. Keller, Esq.
369 Lexington Avenue, 10th Floor
New York, NY 10017
Telephone: (877) 247-4292 or (212) 983-9330
E-mail: [email protected]

(NYSE: SKX)

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