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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:06 EDTADDYY, SKXSkechers sues Reebok for allegedly infringing on GO WALK footwear line
SKECHERS USA (SKX) announced that it filed a lawsuit against Reebok International Limited (ADDYY) for selling footwear that infringes on the popular SKECHERS GO WALK product line. The suit, filed in the United States District Court for the Central District of California, seeks compensatory and punitive damages as well as injunctive relief for infringing on SKECHERSí patent and trade dress rights and for unfair competition. The suit states that Reebok is selling the infringing products under the name Reebok Walk Ahead RS.
News For SKX;ADDYY From The Last 14 Days
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August 21, 2015
08:00 EDTSKXSkechers announces three-for-one stock split subject to investor approval
SKECHERS USA announced that its Board of Directors has approved a three-for-one split of the Company's Class A and Class B common stock that will be distributed in the form of a stock dividend. The stock split is subject to stockholder approval of an amendment to the Company's Certificate of Incorporation to increase the authorized number of Class A and Class B shares. The stockholder vote is expected to take place at a special meeting of stockholders currently scheduled for September 24, 2015. If the Company's stockholders approve the authorization of additional shares, the stock dividend will be distributed to the stockholders of record as of the close of business on October 2, 2015, with a payment date of October 15, 2015. "Our decision to adopt this stock split is another indication of our confidence in our business model worldwide, which we believe will continue to generate profitable growth and strong cash flows," stated Robert Greenberg, Skechers CEO. "We are looking forward to continuing to deliver our broad-based collection of men's, women's and kids' footwear to the global market. Personally, I have never been more confident and excited about the future of Skechers."

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