×
83 579
Fashion Jobs
COTY
Junior Art Director, Digital
Permanent · New York
COTY
Assistant Marketing Manager, Global Marketing - Marc Jacobs
Permanent · New York
HOMEGOODS
Loss Prevention Detective
Permanent · Hillside
NIKE
North America Brand Creative, Consumer Direct, Art Director
Permanent · Beaverton
NIKE
Director - Business Architecture
Permanent · Beaverton
SALLY BEAUTY CORPORATE
District Manager - Cosmoprof
Permanent · Chicago
JOCKEY
Associate Manager at Jockey -Full Time $17/HR
Permanent · Edinburgh
SHISEIDO
Manager, us Region Finance - Business Transformation
Permanent · New York
BLOOMINGDALE'S
Asset Protection Manager, South Coast Plaza
Permanent · Costa Mesa
ROSS STORES
Store Protection Specialist
Permanent · Brea
ROSS STORES
Store Protection Specialist
Permanent · Independence
ESTÉE LAUDER
Corporate Account Executive, Travel Retail Americas
Permanent · Miami
ESTÉE LAUDER
Distribution Supervisor - 3rd Shift - Padc
Permanent · Bristol
ESTÉE LAUDER
Director, Finance, Clinique
Permanent · New York
ESTÉE LAUDER
R&D Purchaser/Planner
Permanent · Melville
ESTÉE LAUDER
Associate Design Director, Creative Design
Permanent · New York
ALICE AND OLIVIA
Ecommerce Product Manager
Permanent · New York
ALL SAINTS
Business Development Manager
Permanent · Independence
L'OREAL GROUP
Buyer
Permanent · Berkeley Heights
OLD NAVY
Assistant General Manager - North Centre ii
Permanent · Missoula
OLD NAVY
Assistant General Manager - Shops @ Shadow Lakes
Permanent · Papillion
OLD NAVY
Asset Protection Lead - Erskine Village
Permanent · South Bend
Published
Sep 11, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Skechers fires back over class action lawsuits

Published
Sep 11, 2018

Footwear company Skechers has denied allegations made in shareholder class actions filed by Laborers Local 235 Benefit Fund, calling the legal claims "frivolous and without merit" in a press release. 


The footwear company released a public statement, defending themselves against the recent lawsuit. - Facebook: Skechers



The New York state laborer's union filed a securities class action against Skechers on September 4, alleging that between October 20, 2017 and July 19, 2018, the shoe company made materially false statements or omissions of material facts to investors about its operations and prospects.

In an official statement, Skechers chief operating officer David Weinberg aggressively contested the claims, commenting: “We will vigorously defend the company and our officers against this frivolous lawsuit in court."

Weinberg continued, "[between October 20, 2017 and July 19 of this year], the company was—and still is—focused on efficiently and strategically growing our business on a global scale...the lawsuit at best shows a complete misunderstanding of the challenges facing both the international footwear industry and our growth-oriented global business."

This suit follows two other legal battles the California-based footwear brand has been embroiled in this year; a trademark dispute with fellow footwear brand Converse and a lawsuit filed by Skechers against Adidas.

Skechers is the fourth largest athletic footwear brand in the United States according to market research company Technavio, earning $4.16 billion in 2017. 

Copyright © 2022 FashionNetwork.com All rights reserved.