Shareholders that lost money on Crocs, Inc.(CROX) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
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A class action lawsuit has been filed against Crocs, Inc. alleging securities fraud between November 2022 and October 2024. The lawsuit claims the company made false statements about HEYDUDE's revenue growth, specifically that 2022 revenue was artificially inflated by stocking third-party wholesalers after the February 2022 acquisition, and that destocking and waning product demand negatively impacted financial results.
March 23, 2025 | 4:30 pm
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The class action lawsuit alleges securities fraud, potentially exposing Crocs to financial damages and reputational risk related to its HEYDUDE brand acquisition and revenue reporting.
The lawsuit directly targets Crocs and alleges systematic misrepresentation of financial performance, which could lead to potential financial penalties, investor loss of confidence, and stock price depreciation.
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