Skechers Denies Allegations in Shareholder Suit
The suit filed by Laborers Local 235 Benefit Fund was termed frivolous and without merit, and SKX said it would defend itself vigorously. The suit alleges that SKX misled investors about leverage on its SG&A spending between Oct., 2017 and Jul., 2018 as it was rapidly growing overseas but also spending heavily to meet demand. “During that time, ... Log in to view full article.
