Crocs(US:CROX) Prnewswire·2025-03-24 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Crocs, Inc. regarding a class action lawsuit alleging misleading statements and failure to disclose critical information about the company's revenue growth and inventory management during a specified period [1][2]. Summary by Sections Allegations - The lawsuit claims that during the class period from November 3, 2022, to October 28, 2024, Crocs, Inc. made materially false and misleading statements regarding the sustainability of HEYDUDE's revenue growth, which was largely driven by stocking third-party wholesalers and retailers after its acquisition in February 2022 [1]. - It is alleged that as retail partners began to destock excess inventory, the demand for products decreased, negatively impacting Crocs' financial results [1]. - The representations made by the defendants about the company's business operations and prospects were claimed to be materially false and misleading, lacking a reasonable basis [1]. Next Steps for Shareholders - Shareholders who purchased shares of CROX during the specified timeframe are encouraged to register for the class action, with a deadline set for March 24, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [2]. Firm's Commitment - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].