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Steamfitters Local 449 Pension Plan v. Skechers U.S.A, Inc. et al
Case Number:
1:17-cv-08107
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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September 24, 2019
Skechers Escapes Suit Over Summer Sales Stock Drop
A New York federal judge tossed proposed class claims against shoe company Skechers USA on Monday, finding that company statements related to the effects on company performance of a dockworker strike at the West Coast ports where many sneakers arrive in the United States weren't misleading.
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October 20, 2017
Investors Say Skechers Overstated Projected Sales Growth
A Skechers investor hit the shoe company with a putative stock-drop class action in New York federal court Friday, alleging it overstated its projected sales growth despite knowing that a slowdown at a port would hurt its shipping abilities, ultimately causing shares to fall 31.5 percent.