BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith continues its 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.
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 disappointing financial results for the third quarter 2015, including 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.
If you purchased Skechers securities, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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