LOS ANGELES, Nov. 04, 2026 (GLOBE NEWSWIRE) — The Portnoy Law Firm notifies investors in Skechers USA, Inc. (NYSE: SKX) that a securities class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Skechers common stock between April 24, 2025 and September 12, 2025, inclusive (the ‘Class Period’). Find out if you qualify to recover your per-share losses by choosing to join the class action and submit your trade details. Investors who suffered financial losses have until December 21, 2026 to seek appointment as lead plaintiff. Shareholders should contact Lesley Portnoy via e-mail (Lesley@portnoylaw.com or call (310) 692-8883) or visit http://portnoylaw.com/skechers-usa-inc to learn more information and discuss their legal rights.
Please visit our website for more information on how to participate in this class action.
On April 24, 2025, Skechers announced its first-quarter 2025 financial results, reporting record sales of $2.41 billion, but concurrently withdrew its annual 2025 financial guidance, citing macroeconomic uncertainty and global trade policies (such as escalating U.S.-China tariffs). The complaint alleges that this guidance withdrawal was false and misleadingly utilized to deflate the company’s stock price and justify 3G Capital Partners L.P.’s buyout offer. Furthermore, the complaint alleges that between April 23 and April 27, 2025, senior executives successively manipulated Skechers’ internal financial projections downward on three separate occasions to artificially match 3G Capital’s “best-and-final” offer of $63 per share, while insiders (such as founders Robert and Michael Greenberg) secured a lucrative “Mixed Merger Consideration” option valued at approximately $86 per share. In response to these disclosures and the subsequent take-private transaction closing on September 12, 2025, Skechers Class A common stock and investors suffered artificial deflation and damages.
WHY PORTNOY LAW FIRM
The Portnoy Law Firm represents investors in complex securities class action litigation and shareholder rights matters across the nation. Founded by Lesley Portnoy, the firm’s attorneys have recovered billions of dollars for aggrieved institutional and retail investors. The firm leverages extensive legal expertise and sophisticated financial forensic capabilities to hold public corporations accountable for corporate wrongdoing and misrepresentation.
Lead Plaintiff Deadline: Investors who suffered losses on Skechers USA, Inc. stock during the Class Period have until December 21, 2026 to seek appointment as lead plaintiff.
Frequently Asked Questions About the Skechers Lawsuit
Q: What is the Skechers lead plaintiff deadline?
A: The deadline to apply for lead plaintiff appointment is December 21, 2026. This deadline applies strictly to investors seeking to serve as lead plaintiff representing the class. Class members who do not apply may still participate in any eventual financial recovery as absent class members without taking any action at this time.
Q: How much did Skechers stock drop and on what dates?
A: Following the public withdrawal of its 2025 financial guidance on April 24, 2025, citing tariff uncertainty, the market price of Skechers Class A common stock fell from a closing price of $50.49 per share on April 24, 2025, to a closing price of $47.79 per share on April 25, 2025, representing a single-day decline of approximately 5.35%. Furthermore, shares were cashed out or sold at the artificially deflated price of $63.00 per share during the Class Period leading up to the closing of the Take-Private on September 12, 2025.
Q: What specific misstatements does the Skechers lawsuit allege?
A: The complaint alleges that Defendants made materially false and misleading statements and omissions regarding: (1) the true reasons behind the withdrawal of Skechers’ 2025 financial guidance, falsely blaming trade tariffs when the withdrawal was actually orchestrated to depress the stock price and align with 3G Capital’s buyout terms; (2) the purported “fairness” of the $63 per share Merger Consideration and the “Skechers Management Projections,” concealing the fact that internal projections had been deliberately and successively lowered over a four-day period after 3G Capital’s final offer while withholding higher ordinary-course LRP1 projections and DCF valuations; (3) the severity of the U.S.-China tariff risks, publicizing them as major operational threats while privately assuring 3G Capital that the company could easily withstand tariff impacts; and (4) the omission of early exclusive arrangements between the Greenbergs and 3G Capital, along with the concealment of alternative strategic acquisition proposals.
Q: What do Skechers investors need to do right now?
A: Investors who purchased SKX common stock during the Class Period (April 24, 2025 through September 12, 2025) should gather their trade confirmation slips or brokerage transaction logs showing purchase dates, number of shares, and prices paid. You may submit your trade details to Portnoy Law Firm here for a free, no-obligation evaluation of your potential loss recovery. No immediate legal action is required to remain an eligible absent class member.
Q: Does it cost anything to participate in this case as a lead plaintiff?
A: A lead plaintiff does not pay any fees or expenses out of pocket. Our firm works on a contingency basis, and will collect any fees or expenses directly from a future recovery.
Q: What is a lead plaintiff and why does it matter?
A: A lead plaintiff is a court-appointed class member who acts on behalf of all other class members in directing the litigation. The lead plaintiff is typically the investor or group of investors that makes a motion with the largest financial interest in the relief sought. While serving as lead plaintiff does not increase an investor’s individual financial recovery compared to other class members, it gives the investor direct authority to select lead counsel and oversee the prosecution of the lawsuit.
Q: Does the lead plaintiff receive any type of compensation?”
A: Yes, in many cases, Courts award the lead plaintiff an additional amount of money to compensate the lead plaintiff for their participation in the case.
Q: What if I already sold my Skechers shares — can I still recover losses?
A: Yes. Eligibility to participate in a securities class action recovery depends on whether you purchased or acquired SKX common stock during the Class Period (April 24, 2025 through September 12, 2025) and suffered an economic loss. Investors who sold their shares prior to or after the public disclosures may still be eligible to recover damages based on the artificial inflation present in the stock at the time of purchase.
Q: How long will the Skechers lawsuit take to resolve?
A: Securities class action lawsuits typically take between two and four years from initial filing to full resolution. The exact timeline depends on court scheduling, motion practice (such as motions to dismiss), pre-trial discovery, and potential settlement negotiations or trial proceedings.
Q: Can I choose a different law firm to represent me?
A: Yes. Investors have the absolute right to retain any legal counsel of their choice. When multiple class action complaints are filed, the court will consolidate the actions and appoint a lead plaintiff and lead counsel. You may choose to be represented by Portnoy Law Firm, retain separate counsel, or remain an absent class member represented by court-appointed lead counsel.
CONTACT INFORMATION
Portnoy Law Firm
Lesley Portnoy, Esq.
Email: lesley@portnoylaw.com / info@portnoylaw.com
Telephone: (310) 692-8883
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