Skechers U.S.A., Inc. NYSE: SKX

A securities fraud class action lawsuit has been filed against Skechers U.S.A., Inc. (“Skechers” or the “Company”) (formerly NYSE: SKX) on behalf of shareholders who sold the Company's Class A common stock between April 24, 2025 and September 12, 2025, inclusive (the “Class Period”), including shareholders who sold their shares for cash in the going-private acquisition of Skechers by 3G Capital Partners L.P. and its affiliates, which closed on September 12, 2025. Skechers designs, markets, and sells footwear, apparel, and accessories through company-owned stores, e-commerce, and wholesale channels worldwide.

The complaint alleges that, in an April 24, 2025 information statement and related public disclosures soliciting shareholder approval of the transaction, defendants made materially false and misleading statements and/or failed to disclose that the $63-per-share cash-and-stock merger consideration in the $9.4 billion going-private transaction was artificially depressed and did not reflect the fair value of Skechers' shares; that the disclosures misrepresented the impact of then-pending U.S. and China tariffs on the Company's business; and that defendants misrepresented the adequacy of the strategic-alternatives process that preceded the deal. The complaint names Skechers and certain of its officers and directors as defendants, along with 3G Capital Partners L.P. and its financial advisor, Greenhill & Co., LLC, alleging they participated in a scheme to acquire the Company's unaffiliated shareholders' stock at a deflated price.

As a result, the complaint alleges, shareholders who sold their Skechers shares during the Class Period — including those who tendered shares in the going-private transaction — did so at an artificially low price and lost the opportunity to seek the fair value of their shares through an appraisal proceeding.