April 12 Deadline Alert: GPM Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Lawsuit against Skullcandy, Inc. and Encourages Investors to Contact the Firm

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LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 12, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased Skullcandy, Inc. ("Skullcandy" or the "Company") SKUL securities between May 5, 2015 and January 11, 2016, inclusive (the "Class Period"). Investors that have suffered losses over $250,000 on their investment in Skullcandy securities are encouraged to contact GPM to discuss their legal rights in this class action.

The complaint alleges that during the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose material facts, including: (1) that the Company issued false and misleading earnings guidance and (2) that the Company was experiencing challenges with its largest Chinese distributor. The complaint further alleges that the aforementioned omissions and/or misleading statements led Skullcandy to trade at artificially inflated prices, permitting certain insiders to engage in unusual insider selling and the realization of proceeds in excess of $4 million.

If you purchased Skullcandy shares, you may move the Court no later than April 12, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by e-mail please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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Posted In: Press Releases
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