An investigation on behalf of investors of Skechers USA, Inc. (NYSE:SKX) over potential violations of Federal Securities Laws by Skechers and others was announced.

Manhattan Beach, California based Skechers U.S.A., Inc. (Skechers) design and market Skechers-branded contemporary footwear for men, women and children under several lines.
The investigation by a law firm focuses on the following events. While Skechers USA, Inc. reported increasing 12months Total Revenue from $1.205billion in 2006 to $1.436billion in 2009, its Net Income went over the same time period from $70.99million to $54.70million. For the first three quarters in 2010 Skechers USA, Inc. reported a combined 9months Total Revenue of $1.552billion, thus succeeding its 2009 12months. Then on October 27, 2010 at the close of the market, Skechers reported its results for the third quarter ended September 30, 2010. Skechers USA, Inc reported net earnings per diluted share of $0.74 compared to net earnings per share of $0.52 for the third quarter of 2009. Although, so the investigation, Skechers USA, Inc asserted that the demand for our product remains high and we continue to experience growth in many categories, including toning, Skechers USA, Inc noted that several accounts over-booked for back to school and cancelled orders, resulting in more inventory than initially planned. On October 28, 2010, Skechers common stock declined by $4.30 per share, about 18%, to close at $19.33 per share. Since then SKX shares rose until Dec 1 to as high as $23.07per share, but recently traded at under $20.