Crocs(CROX) Prnewswire·2025-02-13 10:45Core Points - The Gross Law Firm has issued a notice to shareholders of Crocs, Inc. regarding a class action lawsuit related to misleading statements and revenue growth concerns [1][2] - The class period for the lawsuit is from November 3, 2022, to October 28, 2024, during which significant allegations have been made against the company [1][2] - The allegations include that Crocs failed to disclose the unsustainable nature of HEYDUDE's revenue growth and the impact of destocking by retail partners on financial results [1] Summary by Categories Allegations - The complaint claims that Crocs issued materially false and misleading statements regarding the sustainability of HEYDUDE's revenue growth, which was largely driven by stocking third-party wholesalers post-acquisition [1] - It is alleged that as retail partners began to destock excess inventory, product demand decreased, negatively affecting Crocs' financial performance [1] - The representations made by the defendants about the company's business and prospects were deemed materially false and misleading [1] Class Action Details - Shareholders who purchased shares of CROX during the specified class period are encouraged to register for the class action, with a deadline set for March 24, 2025 [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2] - There is no cost or obligation for shareholders to participate in the case [2] Law Firm Information - The Gross Law Firm is recognized nationally for class action lawsuits and aims to protect investors from deceit and illegal business practices [3] - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]