Bronstein, Gewirtz & Grossman LLC Crocs, Inc. Investing.com has announced that investors with significant losses have the opportunity to lead a class action lawsuit

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NEW YORK, NY–( News File Corp. – Jan. 26, 2025 ) – Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed. Crocs (NASDAQ: ), Inc. (“Crox” or the “Company”) (NASDAQ: CROX) and certain of its officers.

Definition of class

This lawsuit alleges that the defendants violated the federal securities laws on behalf of persons and entities that purchased or purchased Crocs securities between November 3, 2022 and October 28, 2024 (the “Class Period”). Such investors are encouraged to join this issue by visiting the Company’s website at: bgandg.com/CROX.

Case details

The Complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the Company’s business and operations. Specifically, the complaint alleges that the defendants misrepresented and/or failed to disclose: (1) concealing the nature and continuity of HEYDUDE’s revenue growth through 2022 as a result of the Company’s ongoing efforts to acquire third-party wholesalers and wholesalers; Following the February 2022 acquisition of HEYDUDE, retailers; (2) As the company’s retail partners began to destroy this excess inventory, the decline in demand for the product adversely affected the company’s financial results. and (3) as a result, Defendants’ representations about the Company’s business, operations and prospects were false and misleading and/or without a reasonable basis.

What’s next?

A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you may visit the Company’s website at bgandg.com/CROX or contact Peretz Bronstein, Esq. or his client relationship manager, Nathan Miller of Bronstein Gewirtz & Grossman LLC at 332-239-2660. If you file a bankruptcy in Crocs, you have until March 24, 2025 to request that the court appoint you as lead plaintiff. Your ability to participate in any recovery does not require you to serve as the lead plaintiff.

There is no cost to you

We represent investors in class actions on a contingency fee basis. That means we ask the court to pay us out-of-pocket costs and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and equity derivatives. Our firm has returned hundreds of millions of dollars to investors nationwide.

Notice of attorney. Previous results do not guarantee the same results.

To view the source of this press release, please visit https://www.newsfilecorp.com/release/238239.