Final Deadline (CROX): Kessler Topaz Meltzer & Check, LLP Reminds Investors of Lead Plaintiff Deadline in Securities Fraud Class Action Lawsuit Filed Against Crocs, Inc. (CROX)
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Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against Crocs (CROX) alleging the company misled investors about revenue growth from its HEYDUDE acquisition. The lawsuit claims Crocs artificially inflated revenues by aggressively overstocking wholesale channels between November 2022 and October 2024, despite management's assurances against such practices.
March 24, 2025 | 1:00 pm
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The securities fraud lawsuit alleges Crocs management misled investors about HEYDUDE revenue growth by artificially inflating sales through aggressive wholesale stocking, which could result in significant legal and financial consequences.
The lawsuit directly targets Crocs' financial reporting practices, potentially leading to legal penalties, reputational damage, and investor loss of confidence. The stock price has already experienced significant drops following revelations about inventory overstocking.
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