NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX) concerning possible violations of federal securities laws.
On April 23, 2015, Skechers issued a press release announcing financial results for the first quarter ended March 31, 2015. During a related earnings call, CFO David Weinberg made positive statements about sales and customer demand. Then on October 22, 2015, Skechers announced financial results for the third quarter 2015, including disappointing net sales that missed analyst estimates. Following this news, shares of Skechers fell more than 31% to a close of $31.64 per share on October 23, 2015. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.