PHILADELPHIA, Oct. 23, 2026 /PRNewswire/ — Berger Montague, a leading national plaintiffs’ law firm, announces a class action lawsuit against Skechers U.S.A., Inc. (formerly NYSE: SKX) (“Skechers” or the “Company”) on behalf of investors who sold Skechers securities, or who received the $63 per share merger consideration, during the period from April 24, 2025 through September 12, 2025 (the “Class Period”). The deadline to apply for lead plaintiff is December 21, 2026.

Q&A

What is this lawsuit about?
The complaint alleges that Skechers‘ senior executives, including founder and CEO Robert Greenberg and President Michael Greenberg, teamed up with 3G Capital and financial advisor Greenhill & Co. to buy out the Company’s unaffiliated shareholders at an artificially depressed price of $63 per share in a $9.4 billion take-private transaction. Management allegedly believed tariffs would have a minimal, and possibly even positive, effect on Skechers‘ business, yet on April 24, 2025, the Company withdrew its 2025 guidance, citing changes in global trade policies. Between April 23 and April 27, 2025, management also allegedly cut the Company’s financial projections three times, so that the $63 price would appear fair. According to the complaint, the Information Statement left out those facts, as well as the Greenbergs‘ December 2024 decision to engage with 3G on an exclusive basis. The Greenbergs also elected the mixed consideration of $57 per share in cash plus one equity unit, a nominal total of $86 per share, which allegedly gave them over $1 billion in cash proceeds while they rolled over more than 18 million shares into the private entity. Shareholders who sold during the Class Period, or who received the $63 merger consideration, allegedly did so at artificially deflated prices.

Who is Skechers?
Skechers, headquartered in Manhattan Beach, California, designs, develops, and markets lifestyle and performance footwear, apparel, and accessories. Skechers‘ Class A common stock formerly traded on the New York Stock Exchange under the ticker symbol SKX until the Company was taken private in September 2025.

What do I need to do?

Investor Deadline: Investors who sold Skechers securities, or who received the $63 per share merger consideration, during the Class Period may, no later than December 21, 2026, seek to be appointed as a lead plaintiff representative of the class.

If you are a Skechers investor and would like to learn more about this action, or to discuss your rights, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015 or Caitlin Adorni at cadorni@bergermontague.com or (267) 764-4865 or visit our website.

About Berger Montague

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:

Andrew Abramowitz
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com

Caitlin Adorni
Berger Montague
(267) 764-4865
cadorni@bergermontague.com

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SOURCE Berger Montague