Skechers U.S.A., Inc. reported that The Delaware Chancery Court dismissed with prejudice the July 21, 2022 shareholder derivative lawsuit against all current and former Skechers Board of Directors members named as defendants in the action.
Skechers President Michael Greenberg commented, “We are sincerely pleased with the Court’s ruling, but it certainly comes as no surprise. We have always believed that this lawsuit should not have been permitted to proceed. We feel vindicated that the Court agreed.”
To read the Court’s Memorandum Opinion in the case, go here.
Image courtesy Skechers/dfh Architects
