Skechers U.S.A., Inc. (SKX)

NEW YORK, September 5, 2018 - The Complaint claims that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, prospects and financial health.  Specifically, Defendants failed to disclose that: (1) Skechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets; (2) Skechers was relying on expensive, third-party operational solutions to drive its international sales growth; (3) Skechers' expenses would outgrow sales for the foreseeable future; (4) Skechers' international sales growth was not sustainable without such outgrown expenses; and (5) as a result of the foregoing, Defendants statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.