Johnson Fistel Launches Probe into Skechers Go Private Deal
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP, a leading shareholder rights law firm, has commenced an investigation into whether the board of directors of Skechers U.S.A., Inc. (NYSE: SKX) breached its fiduciary duties in connection with the proposed sale of the Company to 3G Capital Corp. ('3G'). The inquiry focuses on the fairness of the consideration being offered to Skechers' public shareholders and whether the transaction reflects full and fair value for all shareholders.
Over the twelve months preceding the announcement of the deal, Skechers common stock traded at levels approaching $80.00 per share, raising potential concerns
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On May 5, 2025, Skechers entered into a definitive agreement under which 3G will acquire all outstanding shares of common stock in a go-private transaction. Under the terms of the agreement, each holder of Skechers common stock may elect to receive either: • $63.00 in cash per share, or • $57.00 in cash per share plus one unit in the post-closing private entity controlled by 3G.
Over the twelve-month period preceding the announcement of the deal, Skechers common stock traded at levels approaching $80.00 per share, raising potential concerns that the proposed cash consideration and equity rollover option may undervalue shareholder interests.
Johnson Fistel's investigation will examine, among other issues: • Whether Skechers' board of directors satisfied its fiduciary duty to secure the highest attainable cash consideration for public shareholders; • The process by which the board evaluated strategic alternatives and negotiated deal terms; • The adequacy of the disclosure provided to investors regarding the proposed go-private transaction; and • Any conflicts of interest that may have influenced the board's recommendation.
You can click or copy and paste the following link to join this investigation:
https://www.johnsonfistel.com/investigations/skechers
If you are a shareholder of Skechers and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs' securities law firm in the United States, as determined by the total dollar value of final recoveries.
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