NEW YORK, Nov. 5, 2007 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities and other legal violations regarding the recent news on Crocs Inc. ("Crocs" or the "Company") (Nasdaq:CROX) where the Company's financial outlook for the remainder of the 2007 fiscal year had greatly disappointed the market, and that inventory had swelled almost four-fold, without adequate explanation of this phenomenon. It was also reported that distribution issues caused a loss of sales in Europe and Japan. Crocs shares dropped over 34% on greatly increased trading volume, dropping from $74.75 to $41.90 currently.
Meanwhile, CEO Ronald Snyder sold over 400,000 shares at prices in the $59 to $68 range yielding him millions in profits.
If you: (i) purchased Crocs shares and have experienced a decline in their value below their cost (or have sold them at a loss) as a result of recent developments; or (ii) have held Crocs shares since at least May of this year and expect to continue to hold them, and are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will speak with you personally at no cost or obligation.