Uggs Maker, Execs Hit With Investor Class Action

Law360, Wilmington (August 2, 2012, 7:35 PM EDT) -- An options investor hit the parent company of Ugg boots on Wednesday with a putative class action claiming Deckers Outdoor Corp. and two executives provided false and misleading financial information that created an artificially inflated share price that eventually collapsed, losing more than half its value.

In a complaint filed in Delaware federal court, Michael Percoco accused Deckers, CEO Angel Martinez and Chief Financial Officer Thomas A. George of deceiving the market by disseminating statements that emphasized favorable sales and earnings expectations but omitted adverse information....
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