San Diego, October 26, 2026 / PRNewswire / -- Shareholder Rights Law Firm Robbins LLP reminds investors that a class action has been filed on behalf of those who sold Class A common shares of Skechers U. S.A. Inc. (formerly listed on the New York Stock Exchange under the symbol: SKX) during the period from April 24, 2025, to September 12, 2025, before the completion of the privatization acquisition by 3G Capital Partners L.P. and its affiliates (hereinafter referred to as the “class action period”). Skechers is a company that operates regional offices and showrooms worldwide, engaged in the design and marketing of footwear, clothing, and accessories.
The complaint alleges that the internal management of Skechers orchestrated a fraudulent scheme to acquire shares held by non-affiliated shareholders of the company at a artificially depressed price of $63 per share in a privatization deal totaling $9.4 billion.
Robbins LLP indicates that investors who sold Class A common stocks of Skechers U, S.A, Inc during the class-action period and suffered significant losses should contact this law firm before December 21, 2026, in order to obtain information regarding the lawsuit.
Skechers Why was it sued?
According to the complaint, Skechers participated in a privatization acquisition initiated by 3G Capital Partners L.P., which was completed on September 25, 2025.
The plaintiff alleges that during the class action period, the defendants: (i) falsely claimed that the privatization acquisition and the consideration of $63 per share were fair; ( ii ) made material misrepresentations regarding the terms of the merger and acquisition and the impact of tariffs in the United States and China on the company; ( iii ) misled investors regarding strategic alternative options and their purported efforts to explore these alternatives. The complaint also states that some defendants, including 3G Capital and Greenhill, carried out a plan and series of actions intended to deceive Skechers shareholders.
The plaintiff claims that the defendant's improper conduct and omissions led to the plaintiff and the collective from selling Skechers shares at artificially depressed prices during the class action period, resulting in losses. The plaintiff also states that if they had not been induced to sell their shares at those depressed prices, they could have obtained a fair value for their shares through the valuation ruling process.
What can current Skechers shareholders do now?
Investors who sold Class A common shares of Skechers U, S.A, and Inc during the class action period may be eligible to serve as the lead plaintiff. The lead plaintiff is an investor designated by the court to represent the interests of all class members throughout the litigation process. Shareholders who wish to apply to be appointed as lead plaintiffs should contact Robbins LLP before the deadline of December 15, 2026, to learn about the appointment process.
Shareholders do not have to act as the lead plaintiffs, but they can also share in any potential compensation. Investors who have not applied for appointment can remain in the lawsuit as absent collective members.
Is there a fee involved for participation?
Not required. Robbins LLP indicates that it represents investors on a risk agency basis, without charging any upfront fees, and also does not need to bear any out-of-pocket expenses or costs.
Contact Robbins LLP
Those who wish to learn more about this class-action lawsuit against Skechers U, S.A, Inc and other securities-related parties can submit inquiries, send emails to attorneys Aaron Dumas, Jr, or contact Robbins LLP by calling (800) 350-6003.
About Robbins LLP
Robbins LLP indicates that, as a leading law firm recognized in the field of shareholder rights litigation, it has represented investors in securities fraud and shareholder derivative lawsuits, helping shareholders recover over $2 billion in value and achieving some of the largest compensation results in the history of shareholder derivative litigation.
Robbins LLP Co-founder Brian J. Robbins states: "The company has an obligation to provide investors with complete and accurate information so that the market can operate fairly and efficiently."
If you wish to receive notifications when a settlement is reached in the class action regarding Skechers U . S.A ., Inc ., or to get free alerts when there is improper behavior by corporate executives, you can register for Stock Watch.
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