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Deckers Outdoor Corporation (NASDAQ: DECK) Investor Securities Class Action Lawsuit 05/31/2012

  • If you purchased shares of Deckers Outdoor Corporation (NASDAQ: DECK), you might have certain options and should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
Deckers Outdoor Corp
Security
NASDAQ: DECK

Case Name
Deckers Outdoor Shareholder Class Action Lawsuit 05/31/2012
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Central District of California

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

October 2, 2012 - The court granted defendants' motion to dismiss, denies leave to amend and dismissed the case with prejudice.
September 7, 2012 - The court denied plaintiff's motion for appointment as lead plaintiff.

August 2, 2012 - Defendants filed a motion to dismiss.

July 31, 2012 - Lead plaintiff motion was filed.

May 31, 2012 - An investor in shares of Deckers Outdoor Corporation (NASDAQ: DECK) filed a lawsuit in the U.S. District Court for the Central District of California against Deckers Outdoor Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 27, 2011 to April 26, 2012.

According to the complaint the plaintiff alleges on behalf of all persons who purchased or otherwise acquired Deckers Outdoor Corporation (NASDAQ: DECK) common stock between October 27, 2011 to April 26, 2012, that Deckers Outdoor Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements between October 27, 2011 to April 26, 2012.

Deckers Outdoor Corporation reported that its annual Revenue rose from $689.45million in 2008 to $1.37billion in 2011 and its Net Income rose from $73.95million in 2008 to $199.05million in 2011.

Shares of Deckers Outdoor Corporation (NASDAQ: DECK) rose since its 3:1 split on July 6, 2010 from under $45 per share to as high as $117.66 per share on October 28, 2011.

Then on April 26, 2012, after the market closed, Deckers Outdoor Corporation reported its first quarter 2012 financial results. Among other things, Deckers Outdoor Corporation revised its 2012 fully year forecast.

Shares of Deckers Outdoor Corporation (NASDAQ: DECK) fell from $69.45 on April 26, 2012, to as low as $50.40 per share on April 30, 2012.

On May 18, 2012 NASDAQ: DECK shares closed at $53.22 per share.