Core Viewpoint - A class action lawsuit has been filed against Crocs, Inc. for allegedly making false and misleading statements regarding the sustainability of revenue growth from its HEYDUDE acquisition, leading to investor losses [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), and Rule 10b-5 [1]. - Investors who purchased Crocs securities between November 3, 2022, and October 28, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Crocs - The complaint alleges that Crocs misled the market about the sustainability of revenue growth from HEYDUDE, which was acquired in February 2022 [4]. - The revenue growth was reportedly driven by stocking excess inventory with third-party wholesalers and retailers, which later led to falling demand as retail partners began to destock [4]. - As a result of these misleading statements, when the truth emerged, investors suffered financial damages [4].

NEW YORK, March 18, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Crocs, Inc. (NASDAQ: CROX) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Crocs insiders caused the company to misrepresent or fail to disclose that (1) the nature and sustainability of HEYDUDE's revenue growth by concealing that 2022 revenue growth was driven, in large part, by the Company's efforts to stock thir ...

NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Crocs, Inc. (NASDAQ: CROX) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Crocs, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/crocs-inc. Investors have until March 24, 2025, to ask the Court to be appointed to lead the case. ...

Core Insights - The investment philosophy emphasizes avoiding errors of commission in favor of errors of omission, as the latter are less costly [1] - The focus is on identifying clear and obvious investment opportunities that warrant a concentrated position, typically 5-10% of the portfolio [1] - The approach suggests that smaller investments may not justify the effort, advocating for index fund investments instead [1] Investment Strategy - The strategy involves a preference for significant investment opportunities that stand out as obvious choices [1] - The intention is to issue fewer buy theses, making those that are suggested more meaningful [1] - The company seeks to learn from the investment community when mistakes are made, indicating a collaborative approach to investment education [1]

Core Viewpoint - A securities class action lawsuit has been filed against Crocs, Inc. for allegedly misleading investors regarding the performance and demand for HEYDUDE products following its acquisition in February 2022 [1][3]. Company Overview - Crocs, Inc. is headquartered in Bloomfield, CO, and is known for marketing casual footwear. The company acquired HEYDUDE, another casual footwear brand, in February 2022 [2]. Allegations of Misleading Information - The lawsuit claims that Crocs concealed the fact that the strong revenue growth of HEYDUDE was primarily due to Crocs' management decision to stock third-party wholesalers aggressively, irrespective of actual retail demand [3]. - After retail partners began to destock excess inventory, Crocs allegedly misled investors by not disclosing that declining demand for HEYDUDE shoes would negatively affect the company's financial results [4]. Disclosure of Financial Performance - Investors became aware of the true situation regarding HEYDUDE's performance through a series of partial disclosures, culminating in a significant announcement on October 29, 2024. Crocs reported that HEYDUDE revenues fell short of expectations and acknowledged that it would take longer than anticipated for the business to recover [5]. - The CEO of Crocs admitted to shipping excessive product and recognized that a lack of demand worsened the inventory issue [5]. Market Reaction - Following the disclosure of disappointing financial results, Crocs' share price dropped by $26.47, or 19%, from $138.05 on October 28, 2024, to $111.58 on October 29, 2024 [6].

LOS ANGELES, March 17, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Crocs, Inc. ("Crocs" or "the Company") (NASDAQ: CROX) for violations of the federal securities laws.Shareholders who purchased the Company's securities between November 3, 2022 and October 28, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before March 24, 2025.           CASE DETAILS:  The complaint alleges that the Crocs misled the market about the revenue growth sust ...

Core Viewpoint - A securities fraud class action lawsuit has been filed against Crocs, Inc. for misleading investors regarding the sustainability of revenue growth from its acquisition of HEYDUDE, leading to significant stock price declines when the truth was revealed [1][4][6]. Group 1: Lawsuit Details - The lawsuit was filed on behalf of investors who purchased Crocs common stock between November 3, 2022, and October 28, 2024 [1]. - The law firm Kessler Topaz Meltzer & Check, LLP is representing the investors and has set a deadline of March 24, 2025, for investors to move to serve as lead plaintiff [2][8]. Group 2: HEYDUDE Acquisition and Revenue Misrepresentation - Crocs acquired HEYDUDE in February 2022, which accounted for approximately 25% of the Company's total revenues in 2022 [2]. - The revenue growth from HEYDUDE was largely due to Crocs' strategy of overstocking third-party wholesalers, which was misrepresented to investors as sustainable growth [3][5]. Group 3: Impact on Stock Price - On April 27, 2023, after the truth about HEYDUDE's revenue growth was revealed, Crocs' stock price fell by $23.46, or nearly 16% [4]. - Following further disclosures about HEYDUDE's struggles and excess inventory on October 29, 2024, the stock price declined by $26.47, or approximately 19.2% [6][7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Crocs, Inc. related to misleading statements about the sustainability of HEYDUDE's revenue growth, with a deadline for investors to seek lead plaintiff status in a federal securities class action by March 24, 2025 [1][3][12]. Group 1: Company Overview - Crocs, Inc. completed the acquisition of HEYDUDE in February 2022, which accounted for approximately 25% of the Company's total revenues in 2022 [4]. - HEYDUDE's revenue growth in 2022 was largely driven by stocking third-party wholesalers and retailers, rather than actual retail sales [3][6]. Group 2: Financial Performance and Stock Impact - On April 27, 2023, Crocs' stock price fell nearly 16% after revealing that HEYDUDE's revenue growth was not indicative of actual sales [6]. - On July 27, 2023, Crocs admitted that overstocking contributed to approximately $220 million of HEYDUDE's $896 million revenue post-acquisition, leading to a stock price decline of nearly 15% [7][8]. - Following the third quarter 2023 results, HEYDUDE's wholesale revenues declined by 19.4%, prompting a further reduction in revenue growth guidance from 14%-18% to 4%-6%, resulting in a stock price drop of over 5% [9]. - On October 29, 2024, Crocs reported that HEYDUDE's revenues fell below expectations, causing a stock price decline of approximately 19.2% [10][11].

NEW YORK, March 13, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Crocs, Inc. (NASDAQ: CROX) between November 3, 2022 and October 28, 2024, inclusive (the "Class Period"), of the important March 24, 2025 lead plaintiff deadline.So what: If you purchased Crocs common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to do next: To j ...

NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Crocs investors who were adversely affected by alleged securities fraud between November 3, 2022 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/crocs-inc-lawsuit-submission-form ...