NIWOT, Colo.--(BUSINESS WIRE)--Crocs, Inc. (NASDAQ: CROX) announced today that the United States District Court for the District of Colorado yesterday entered an Order granting Crocs’ motion to dismiss the plaintiffs’ Corrected Amended Consolidated Class Action Complaint in In re Crocs, Inc. Securities Litigation, Civil Action No. 07-cv-02351-PAB. This litigation started in 2007, when various plaintiffs filed federal securities class action claims against the company and some of the company’s current and former officers and directors. The Order dismissed all claims and ends the consolidated class action litigation that had been pending in the federal court.
“We are gratified that the Court granted our motion to dismiss in its thorough opinion. Crocs is moving forward with a focus on our business,” said Daniel Hart, Crocs’ Executive Vice President, Chief Legal & Administrative Officer.
A copy of the Order is available on the Court’s website. Following entry of a judgment, plaintiffs will have the right to file an appeal.
To learn more about Crocs or to find a Crocs store near you, visit Crocs.com.
About Crocs, Inc.
A world leader in innovative casual footwear for men, women and children, Crocs, Inc. (NASDAQ: CROX), offers several distinct shoe collections with more than 250 styles to suit every lifestyle. As lighthearted as they are lightweight, Crocs™ footwear provides profound comfort and support for any occasion and every season. All Crocs™ branded shoes feature Croslite™ material, a proprietary, revolutionary technology that produces soft, non-marking, and odor-resistant shoes that conform to your feet.
Crocs™ products are sold in 125 countries. Every day, millions of Crocs™ shoe lovers around the world enjoy the exceptional form, function, versatility and feel-good qualities of these shoes while at work, school and play. Visit www.crocs.com for additional information.