CROX DEADLINE APPROACHING: BFA Law Notifies Crocs, Inc. Investors to Contact the Firm before the Upcoming March 24 Class Action 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, and claims are made 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, but it is claimed that HEYDUDE's revenue growth was largely due to Crocs aggressively stocking its wholesale partners regardless of actual retail demand [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% in one day [4]. Group 3: Financial Performance and Stock Impact - On October 29, 2024, Crocs reported disappointing Q3 2024 results, attributing struggles at HEYDUDE to excess inventories and acknowledging that they shipped too much product, which caused a further stock price decline of approximately 19% [5].