LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE: SKX) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Skechers investigation page on our website at www.glancylaw.com/case/skechers-usa-inc.
On April 23, 2015, Skechers issued a press release announcing financial results for the first quarter ended March 31, 2015. During a related earnings call, CFO David Weinberg made positive statements about sales and customer demand. Then on October 22, 2015, Skechers announced financial results for the third quarter 2015, including disappointing net sales that missed analyst estimates.
On this news, shares of Skechers fell more than 31% , or $14.55 per share, to close at $31.64 on October 23, 2015, thereby injuring investors.
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If you purchased Skechers, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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