Skechers Sued over Go-Private Deal
Skechers and several of its top executives and board members were hit with a proposed class action in CA district court brought by SM Merger/Arbitrage, accusing them of making false statements surrounding last year’s $9.4 billion acquisition by 3G Capital. According to the 83-page complaint, executives lowered the company’s internal financial projections three times in Apr. 2025 in order to make 3G Capital’s $63-per-share ... Log in to view full article.
