Former Louisiana Attorney General Warns Crocs Investors of Class Action Lawsuit Deadline

Reminder to Crocs Investors

On February 28, 2025, Kahn Swick & Foti, LLC (KSF), along with Charles C. Foti, Jr., a former Attorney General of Louisiana, issued a crucial reminder to investors regarding the ongoing class action lawsuit against Crocs, Inc. (NASDAQ: CROX). Investors who have incurred losses exceeding $100,000 while holding shares of Crocs between November 3, 2022, and October 28, 2024, have until March 24, 2025, to file lead plaintiff applications. This alert serves as an important notice for those affected to understand their rights and potential recovery avenues.

Understanding the Lawsuit

The lawsuit centers on allegations that Crocs and some of its executives failed to disclose significant material information during the specified Class Period, thus violating federal securities laws. A notable event that triggered this legal action was the company’s announcement in October 2024 about their financial results for the third quarter. This announcement indicated that revenues from HEYDUDE, a footwear brand acquired in February 2022, had fallen short of expectations.

Despite the acquisition being initially perceived as a positive growth strategy, the subsequent financial report indicated potential troubles. The company acknowledged that HEYDUDE's recent performance and the prevailing market conditions suggested that recovery could take longer than anticipated, mainly due to an oversupply of inventories in the market.

As a result of this revelation, Crocs’ stock price plummeted by $26.47 per share, marking a dramatic decrease of about 19.2% on the following trading day. This drop highlighted the risks and implications that investors faced and served as a catalyst for the class action lawsuit.

What Should Investors Do?

Investors who have suffered losses and wish to understand their legal rights related to this case can reach out to KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, or via email at lewiskahn@ksfcounsel.com. Prospective lead plaintiffs are encouraged to visit the KSF website for more information on how to proceed with their application.

Appointing a lead plaintiff is a vital step in class action lawsuits, as it allows individuals with substantial claims to represent the interests of all investors. The deadline to file this application is just around the corner, making prompt action essential.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is recognized as a leading securities litigation law firm in the United States, specializing in recovery for investment losses stemming from various forms of corporate misconduct. The firm caters to a diverse clientele, including public institutional investors, hedge funds, and retail investors. With offices located across New York, Delaware, California, Louisiana, Chicago, and New Jersey, KSF provides expertise and support to those affected by securities fraud.

For more information regarding the ongoing class action lawsuit against Crocs or to learn about your rights as an investor, please visit KSF’s website at www.ksfcounsel.com. Investors are urged not to overlook their rights and the possibility of recovery in light of the current situation.

In summary, the deadline of March 24, 2025, is critical for Crocs investors with significant losses. Taking the necessary steps now can pave the way for potential recourse in the aftermath of the company’s recent disclosures. Don’t miss this chance to protect your interests as a shareholder in Crocs, Inc.