SKX Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Skechers U.S.A., Inc.

Law Offices of Howard G. Smith reminds investors of the December 22, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Skechers U.S.A., Inc. ("Skechers" or the "Company") SKX securities between April 23, 2015 and October 22, 2015, inclusive (the "Class Period"). Skechers investors have until December 22, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Skechers investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On April 23, 2015, Skechers issued a press release announcing financial results for the first quarter of 2015. During a related earnings call, CFO David Weinberg made positive statements about sales and customer demand. Then on October 22, 2015, Skechers announced financial results for the third quarter 2015, including disappointing net sales that missed analyst estimates.

On this news, shares of Skechers fell more than 31% , or $14.55 per share, to close at $31.64 on October 23, 2015, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants failed to disclose that: (i) the Company's Domestic Wholesale customers took early receipt of fall 2015 inventory, causing them to delay receipt of and, in some cases, cancel pending orders scheduled for delivery in the second half of 2015; (ii) as a result of the foregoing, the Company's Domestic Wholesale growth rate was unsustainable; and (iii) as a result of the foregoing, Skechers' public statements were materially false and misleading at all relevant times.

If you purchased shares of Skechers during the Class Period you may move the Court no later than December 22, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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

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