Archived Investigations

Crocs, Inc. (NasdaqGS: CROX)

Company Name:Crocs, Inc.

Stock Symbol:NasdaqGS: CROX

Court:District of Delaware

Class Period Start:11/03/2022

Class Period End (inclusive):10/28/2024

Filing Deadline:The deadline has passed.

January 23, 2025

Crocs and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

In February 2022, the Company completed its acquisition of HEYDUDE, a footwear brand focusing on casual, comfortable, and lightweight footwear. On October 29, 2024, the Company reported its financial results for 3Q 2024, disclosing that HEYDUDE revenues fell below the Company’s expectations and that “HEYDUDE’s recent performance and the current operating environment are signaling it will take longer than we had initially planned for the business to turn the corner” due to “excess inventories in the market,” among other things.

On this news, the price of Crocs common stock declined $26.47 per share, or approximately 19.2%, from a close of $138.05 per share on October 28, 2024, to close at $111.58 per share on October 29, 2024.

The case is Carretta v. Crocs, Inc., et al., No. 25-cv-00096.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us