NEW YORK, Feb. 16, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Skullcandy, Inc. ("Skullcandy" or the "Company") (NASDAQ: SKUL). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Skullcandy and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 11, 2016, Skullcandy issued a press release, updating the Company's financial outlook for the fourth quarter 2015 and announcing that the Company had missed its quarterly net sales projections.
On this news, Skullcandy stock fell $1.29, more than 28%, to close at $3.26 per share on January 12, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlawfirm.com.
Robert S. Willoughby
SOURCE Pomerantz LLP