Skechers CEO, Board Win Lawsuit Over Personal Use of Company Jet

Top Skechers USA Inc. executives prevailed in litigation over claims they cost the footwear maker millions by flying its corporate jets to lavish vacation spots such as Fiji, Bora Bora, and Hawaii.

A Delaware judge, Vice Chancellor Morgan T. Zurn, rejected allegations that the Skechers board made no effort to police excessive personal use of its two planes—at a cost of more than $4,000 an hour—by CEO Robert Greenberg, his two sons, or chief operating officer David Weinberg.

The lawsuit failed to show that the aircraft use “was of such a scope, magnitude, or questionable legality that the ...