#United States #Class Action #Philadelphia #Berger Montague #Skechers U.S.A.

Overview

Berger Montague, a prominent national plaintiffs' law firm, has initiated a class action lawsuit against Skechers U.S.A., Inc. (previously trading on the NYSE under the ticker SKX). This move is aimed at protecting investors who either sold Skechers securities or received the $63 per share during a merger between April 24, 2025, and September 12, 2025. The deadline for potential lead plaintiffs to come forward is December 21, 2026.

The Allegations

The lawsuit claims that senior executives at Skechers, including founder and CEO Robert Greenberg and President Michael Greenberg, collaborated with 3G Capital and financial advisors from Greenhill & Co. to manipulate the buyout process. According to the complaint, they allegedly orchestrated the acquisition of unaffiliated shareholders at a significantly reduced price of $63 per share as part of a $9.4 billion privatisation strategy.

Evidence suggests that prior to the buyout, Skechers management had reassessed their financial outlook, downgrading projections several times. On April 24, 2025, amid evolving global trade policies, Skechers withdrew its guidance for the year, hinting that tariffs could jeopardise the business. This led to a rapid downward revision of financial forecasts, casting doubts on the fairness of the buyout price. The lawsuit contends that crucial information was obscured from shareholders in the accompanying Information Statement, which failed to disclose the prior agreements between the Greenbergs and 3G Capital.

Context of the Buyout

Under the terms of the arrangement, the Greenbergs opted for a mixed consideration that totaled an effective value of $86 per share—$57 in cash plus an equity unit—allowing them to secure over $1 billion while also retaining control of more than 18 million shares in the new private entity. The complaint posits that investors sold their shares or took the merger consideration when the market price was artificially depressed, undermining their financial interests.

About Skechers U.S.A.

Based in Manhattan Beach, California, Skechers U.S.A. is a well-known designer and marketer of lifestyle and performance footwear, apparel, and accessories. Prior to its privatization in September 2025, the company's Class A common stock traded publicly on the New York Stock Exchange.

What Should Investors Do?

Investors involved in the Class Period are encouraged to act quickly. Those who sold Skechers securities or received the merger consideration can apply to be lead plaintiffs in this class action by the December 21, 2026 deadline. Those wanting to explore their legal rights or learn more about the proceedings can reach out to the law firm of Berger Montague for guidance.

Contact for More Information

For more details, interested parties can contact Andrew Abramowitz at (215) 875-3015 or via email at [email protected]. Alternatively, Caitlin Adorni can be reached at (267) 764-4865 or [email protected].

About Berger Montague

With a notable history in complex civil litigation, Berger Montague has been a key player in numerous class actions and mass torts across the United States. The firm has a proven track record, having secured over $50 billion for its clients over its 55-plus years of operation.

This ongoing lawsuit against Skechers represents not only a significant case for affected investors but also a pivotal moment that could set important legal precedents regarding securities fraud and corporate governance.