San Diego, CA -- (SBWIRE) -- 09/18/2018 -- An investor, who purchased shares of Skechers U.S.A., Inc. (NYSE: SKX), filed a lawsuit in the U.S. over alleged Securities Laws violations by Skechers U.S.A., Inc..

Investors who purchased shares of Skechers U.S.A., Inc. (NYSE: SKX) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between October 20, 2017 and July 19, 2018, the Defendants failed to disclose thatSkechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets, that Skechers was relying on expensive, third-party operational solutions to drive its international sales growth, that Skechers' expenses would outgrow sales for the foreseeable future, that Skechers' international sales growth was not sustainable without such outgrown expenses, and that 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 October 19, 2017, Skechers U.S.A., Inc announced its third quarter financial results and issued its outlook for the fourth quarter.

Shares of Skechers U.S.A., Inc. (NYSE: SKX) grew from $24.00 per share on October 19, 2017 to as high as $43.08 per share in April 2018.

On July 19, 2018, Skechers U.S.A., Inc announced its second quarter 2018 financial results and issued its outlook for the third quarter.

Shares of Skechers U.S.A., Inc. (NYSE: SKX) declined to a slow as $23.80 per share on July 20, 2018.

Those who purchased shares of Skechers U.S.A., Inc. (NYSE: SKX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.