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Class Action Lawsuit Filed Against Crocs, Inc.

New York, New York–On January 26, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, announced the initiation of a class action lawsuit against Crocs, Inc. (NASDAQ: CROX) and some of its executives.

Overview of the Class Action

This lawsuit aims to secure compensation for individuals and entities that acquired Crocs securities during the period from November 3, 2022, through October 28, 2024, inclusive. Those who believe they may be affected are encouraged to participate in this legal action by visiting the firm’s website at bgandg.com/CROX.

Allegations Against the Defendants

The Complaint outlines that Defendants allegedly disseminated substantially false or misleading statements and failed to reveal critical adverse information regarding Crocs’ business performance. Key allegations include:

• Misrepresentation of the nature and longevity of revenue growth linked to the acquisition of HEYDUDE, which disguised that substantial revenue increases for 2022 were significantly influenced by the stocking strategies employed by third-party wholesalers and retailers.
• Failure to disclose that as retail partners began to reduce their excess stock, the diminishing demand for products severely impacted the Company’s financial standings.
• Overall misrepresentation of the Company’s business health, operations, and future outlook, indicating that the claims made by Defendants lacked a solid foundation and credibility.

Next Steps for Investors

A formal class action lawsuit has been initiated. Interested parties can obtain a copy of the Complaint by visiting bgandg.com/CROX or by reaching out to Peretz Bronstein, Esq., or Nathan Miller, Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. Investors who have incurred losses with Crocs have until March 24, 2025, to petition the Court for lead plaintiff status. It is worth noting that participation in any potential recovery does not necessitate serving as lead plaintiff.

No Financial Obligation

Individuals represented in class actions by this firm operate on a contingency fee basis. This arrangement means that attorneys’ fees, typically a percentage of any recovery, and out-of-pocket costs will only be sought if the case is won.

Why Choose Bronstein, Gewirtz & Grossman?

Bronstein, Gewirtz & Grossman, LLC has established itself as a highly regarded firm specializing in representing investors in securities fraud class actions and shareholder derivative actions. Over the years, the firm has successfully recovered hundreds of millions of dollars for investors across the country.

For ongoing updates, the firm can be followed on LinkedIn, X, Facebook, and Instagram.

For more information about this press release, please review the source version at Newsfile Corp.

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