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Skechers shareholder sues company for details on $9.4B buyout, Reuters says

A Skechers (SKX) shareholder has sued the company for more details on its $9.4B buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder to sell raises “red flags,” Jonathan Stempel of Reuters reports. According to a complaint filed on Thursday in Los Angeles federal court, founder Robert Greenberg and his family appear to have “controlled the sales process to a single bidder and deprived the minority stockholders of any legitimate bidding process,” Reuters add.

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