CROX SHAREHOLDER ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Crocs, Inc.

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$26.47, or approximately 19.2% [6][7].