NEW YORK, Oct. 30, 2017 /PRNewswire/ -- Juan
Monteverde, founder and managing partner at Monteverde &
Associates PC, a boutique securities firm headquartered at the
Empire State Building in New York
City announces that a class action lawsuit has been filed in
the U.S. District Court for the Southern District of New York against Skechers U.S.A., Inc. (NYSE: SKX)("Skechers" or the
"Company") on behalf of purchasers of the Company's
securities between April 23,
2015 and October 22, 2015,
inclusive (the "Class Period").
The lawsuit is based on whether Skechers and its executives
violated Sections 10(b) and 20(a) of the Securities Exchange Act of
1934. On October 22, 2015,
post-market, Skechers announced its financial results for third
quarter 2015, which included net sales that fell short of analysts'
consensus estimates. The Company advised investors that
$20 million in net sales were shifted
from third quarter 2015 into second quarter 2015 due to early
customer deliveries, and blamed its sales miss on Skechers'
inability to make up this shortfall in third quarter 2015, citing a
weaker-than-expected retail environment. Following this news,
Skechers stock dropped $14.55 per
share, or 31.5%, to close at $31.64
on October 23, 2015.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses, if incurred during the
Class Period.
If you wish to serve as lead plaintiff, you must move the Court
no later than December 22,
2017. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their
choice, or may choose to do nothing and remain an absent class
member.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct. Mr. Monteverde, who leads the legal team at
the firm, has been recognized by Super Lawyers as a Rising Star in
Securities Litigation in 2013 and 2017, an award given to less than
2.5% of attorneys in a particular field.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC