82 950
Fashion Jobs
URBN
Anthropologie Omni Service Specialist Part-Time
Permanent · NOVI
BUCKLE BRANDS
Freight Coordinator
Permanent · MUNCIE
TAILORED SHARED SERVICES
Creative Project Manager
Permanent · DUBLIN
TAILORED SHARED SERVICES
sr Digital Category Manager
Permanent · DUBLIN
TAILORED SHARED SERVICES
Associate Digital Category Manager
Permanent · DUBLIN
SALLY BEAUTY CORPORATE
IT Senior Manager
Permanent · DENTON
HAND & STONE
Assistant Spa Manager - Apex
Permanent · APEX
HAND & STONE
Assistant Spa Manager - Voorhees
Permanent · VOORHEES TOWNSHIP
HAND & STONE
Assistant Spa Manager - Brentwood
Permanent · BRENTWOOD
HAND & STONE
Assistant Spa Manager - Princeton
Permanent · PRINCETON
HAND & STONE
Assistant Spa Manager - South Park
Permanent · CHARLOTTE
HAND & STONE
Assistant Spa Manager - Camp Hill
Permanent · CAMP HILL
HAND & STONE
Assistant Spa Manager - Chantilly
Permanent · FAIRFAX
HAND & STONE
Assistant Spa Manager - Gaithersburg
Permanent · GAITHERSBURG
HAND & STONE
Assistant Spa Manager - Medford
Permanent · MEDFORD
HAND & STONE
Sales Manager - Winston-Salem
Permanent · WINSTON-SALEM
HAND & STONE
Assistant Spa Manager - Severna Park
Permanent · SEVERNA PARK
HAND & STONE
Assistant Spa Manager - Langhorne
Permanent · LANGHORNE
HAND & STONE
Assistant Spa Manager - Timonium
Permanent · TIMONIUM
HAND & STONE
Assistant Spa Manager - Newtown Square
Permanent · EDGMONT
HAND & STONE
Assistant Spa Manager - Falls Church
Permanent · FALLS CHURCH
HAND & STONE
Assistant Spa Manager - Reston
Permanent · RESTON
Published
Sep 11, 2018
Download
Download the article
Print
Text size

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 © 2024 FashionNetwork.com All rights reserved.