Thieler Law Corp advises investors with losses exceeding $100,000 of the November 5, 2018 lead plaintiff deadline in a class action lawsuit filed against Skechers U.S.A. Inc (NYSE: SKX) (“Skechers” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Skechers U.S.A. Inc securities between October 20, 2017 - July 19, 2018, have until November 5, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Skechers U.S.A. Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Skechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets; Skechers was relying on expensive, third-party operational solutions to drive its international sales growth; Skechers' expenses would outgrow sales for the foreseeable future; Skechers' international sales growth was not sustainable without such outgrown expenses; and as a result of the foregoing, Defendants' statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

On April 18, 2018, Defendants reported the Company’s SG&A expense growth drastically outpaced sales growth,

Following this news, NYSE: SKX fell approximately 27% to close at $30.70 on April 20, 2018.

On July 19, 2018, Defendants again reported the Company’s SG&A expense growth drastically outpaced sales growth. 

Following this news, NYSE: SKX fell over 20%, to close at $26.27 the next day.

If you were negatively impacted by your investment in Skechers U.S.A. Inc securities between October 20, 2017 - July 19, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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