SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Skechers U.S.A., Inc. (SKX)
NEW YORK, Oct. 24, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE: SKX). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/skx.
The investigation concerns whether Skechers and certain of its officers and/or directors have 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.
If you are aware of any facts relating to this investigation, or purchased shares of Skechers, you can assist this investigation by visiting the firm's site: www.bgandg.com/skx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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