CROX FRAUD REMINDER: A Class Action Lawsuit has been Filed against Crocs, Inc. for Fraud – Contact BFA Law before March 24 Deadline (NASDAQ:CROX)

Core Viewpoint - A lawsuit has been filed against Crocs, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misleading statements about the company's inventory practices and revenue growth from its acquisition of HEYDUDE [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Carretta v. Crocs, Inc., et al., No. 25-cv-00096, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until March 24, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Crocs - Crocs's CEO, Andrew Rees, allegedly assured investors that the company would not overstock wholesalers, yet it is claimed that HEYDUDE's revenue growth was largely due to Crocs aggressively stocking its third-party wholesaler pipeline [3]. - The company revealed on April 27, 2023, that much of HEYDUDE's revenue growth was not indicative of actual retail sales, leading to a significant stock price decline of nearly 16% [4]. Group 3: Financial Performance and Stock Impact - On October 29, 2024, Crocs reported disappointing Q3 2024 results, attributing struggles to excess inventories and admitting to shipping too much product in 2022, which caused a stock price decline of approximately 19% [5].