WAYNE, Pa.--(www.rmclasslaw.com/cases/deck) announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of the common stock of Deckers Outdoor Corporation ("Deckers" or the "Company") (NASDAQ: DECK) between October 27, 2011 and April 26, 2012, inclusive (the "Class Period").)--Ryan & Maniskas, LLP (
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at email@example.com or visit: www.rmclasslaw.com/cases/deck.
The Complaint alleges that Deckers and certain of its officers and directors violated the federal securities laws. Specifically, defendants concealed the following facts: (i) Deckers was not able to mitigate the effects of dramatically increasing prices for sheepskin; (ii) there was a decline in demand to a much larger extent than represented due to the unusually warm weather; (iii) the Company's extensive expansion resulted in the over-supply of UGG products, which meant that the price increases for those products were ineffective; (iv) Decker's inventory levels for its UGG brand were increasing rapidly, which led to the increased use of mark-downs and close-outs; and (v) as a result, Decker's gross margin was negatively impacted.
On April 26, 2012, Deckers announced that it had missed its second quarter 2012 earnings and lowered its full-year 2012 guidance, projecting a decrease in 2012 diluted EPS of 9%-10%, compared to previous guidance for diluted EPS to be flat year-over-year. On this news, Decker stock fell $17.63 to close at $51.83 per share on April 27, 2012.
If you are a member of the class, you may, no later than July 31, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/deck or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at firstname.lastname@example.org. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
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