Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Deckers Outdoor Corporation

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Deckers Outdoor Corporation common stock during the period between October 27, 2011 and April 26, 2012. The complaint charges Deckers and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Deckers is a designer, producer, marketer, and brand manager of footwear, apparel and accessories.The complaint alleges that during the Class Period, defendants issued materially false and misleading statements concerning the Company`s financial condition and future business prospects. More specifically, defendants misrepresented and omitted material facts concerning demand for the Company`s UGG brand, which is critical to its success. During the Class Period, the Company`s expansion and distribution created a circumstance UGG supply met demand for the first time. As new product lines faltered and the Company continued raising prices on its classic UGG products, inventories swelled to extremely high levels, requiring the Company and its retailers to use previously unheard of mark down and close-out pricing to move UGG products. As a result of defendants` false statements which hid these adverse trends from the market, Deckers common stock traded at artificially inflated prices during the Class Period, reaching a high of $117.66 per share on October 28, 2011.