Crocs(CROX) Prnewswire·2025-02-28 10:45Core Viewpoint - A class action securities lawsuit has been filed against Crocs, Inc. alleging securities fraud that negatively impacted investors between November 3, 2022, and October 28, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Crocs made false statements regarding the sustainability of HEYDUDE's revenue growth, which was primarily driven by stocking third-party wholesalers and retailers after its acquisition in February 2022 [2]. - It is alleged that as retail partners began to destock excess inventory, the demand for products decreased, adversely affecting Crocs' financial results [2]. - The representations made by the defendants about the company's business operations and prospects were materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].