SKECHERS USA News

Manhattan Beach-based shoemaker Skechers USA has filed a $2.6 million lawsuit against Ecko Direct LLC for alleged nonpayment for footwear shipped to the New Jersey clothier under a contract.

Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Skechers USA, Inc.

WASHINGTON Skechers USA Inc. has agreed to pay $40 million to settle charges it deceived consumers with claims that its Shape-ups and other "toning" shoes would help people lose weight and strengthen muscles, according to an official statement by the Federal Trade Commission .

Shareholder rights firm Robbins Umeda LLP is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Skechers U.S.A., Inc.

The Federal Trade Commission announced Wednesday that Skechers USA Inc. will pay $40 million to settle charges that the company made "unfounded claims" about its Shape-up shoes.

The Federal Trade Commission announced Wednesday that Skechers USA Inc. will pay $40 million to settle charges that the shoe company made "unfounded claims" about its Shape-ups. "Shape up while you walk," one ad proclaimed.

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Skechers USA Inc.

Skechers USA Investor Alert - The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Skechers USA, Inc.

Skechers USA Inc. enthusiasts just heard appalling news: The shoes don't work and you have to exercise instead.

Attorneys general from 44 states and the District of Columbia, along with the Federal Trade Commission have reached a settlement with the popular shoe company Skechers USA Inc., resolving allegations that the company made unsubstantiated claims of numerous health benefits in marketing its line of toning shoes.

By The Associated Press HOUSING STARTS RISE: U.S. homebuilding rose to nearly a three-year high in April.

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Skechers U.S.A. Inc. has agreed to pay $40 million to settle charges that the company deceived consumers by making unfounded claims the Shape-ups toning shoes would help people lose weight, strengthen and tone their buttocks, legs and abdominal muscles.

The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush.

Skechers USA, Inc. today announced that it has settled all domestic legal proceedings relating to advertising claims made in connection with marketing its toning shoe products, including its Shape-ups line of shoes.

Skechers USA agreed to pay $40 million in customer refunds to settle charges that it made deceptive claims regarding Shape-ups and other toning shoes, the Federal Trade Commission announced today.

The analysts wrote, "Our investment thesis remains unchanged. We initiated coverage of shares of SKX with an UNDERPERFORM rating as we believed that sentiment had not yet bottomed for the shares and that there would be top-line and EPS pressure from weak early sell-throughs of GoRun, which would result in lower fall wholesale orders relative to ... (more)

The firm currently has a $19.00 price target on the stock. Zacks ' analyst wrote, "Skechers, which has lately been grappling with the clearance of its excess toning inventory, is now showing some signs of stability as evident by its better-than-expected first-quarter 2012 results.