Photo: Diego M. Radzinschi/ALM SEC Fines Skechers $1.25 Million, Alleges Undisclosed Payments to Execs and Their Families
The footwear company neither admitted nor denied wrongdoing, but it agreed to a cease-and-desist order.
March 08, 2024 at 03:44 PM
4 minute read
General Counsel and In House Counsel
The footwear company Skechers will pay $1.25 million to settle civil charges that it made undisclosed payouts to executives and their relatives, a slap on the wrist that serves as a reminder to other public companies to be diligent about disclosing related-party transactions.
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