Skechers Beats Investor Allegations on Growth, Future Expenses

Skechers USA Inc. won’t have to face a would-be class action accusing the company of misleading investors about growth and future expenses after a New York federal district judge dismissed the case.

The footwear company’s investors didn’t properly allege that Skechers misled them about whether sales were likely to grow at a higher rate than expenses, the U.S. District Court for the Southern District of New York said in an order docketed March 13.

The investors argued that growth and expenses statements made on earnings calls in 2017 and 2018 were misleading because of costs related to Skechers’ expansion in ...