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Ryan & Maniskas, LLP Announces Investigation Of Skechers USA, Inc.

Thursday, 24 May 2012 09:14am EDT 

Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Skechers USA, Inc., concerning whether the board has breached its fiduciary duties to shareholders. The investigation concerns whether the Skechers board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing. On May 16, 2012, the Company announced it had reached a settlement agreement relating to allegations that it used false advertising in the marketing of its toning shoe products, specifically the Shape-ups brand. Skechers will pay $45 million to settle the legal claims that were brought by the Federal Trade Commission, various state Attorneys General, and consumer class actions. 

Company Quote

1.4099 +3.66%
24 Apr 2014