Credit: JHVEPhoto/Adobe StockCrocs Accused of Padding Revenue With Channel-Stuffing HEYDUDE Shoes
The case, which centers on sales of HEYDUDE shoes, a brand Crocs acquired in February 2022, is the latest to claim a corporation violated federal securities laws by counting sales to third-party retailers as revenue despite those sales exceeding the demand of customers.
January 23, 2025 at 07:18 PM
3 minute read
Crocs has been hit with a securities class action lawsuit in the District of Delaware by a shareholder who claims the company boosted its revenue by channel stuffing.
The case, which centers on sales of HEYDUDE shoes, a brand Crocs acquired in February 2022, is the latest to claim a corporation violated federal securities laws by counting sales to third-party retailers as revenue despite those sales exceeding the demand of customers.
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