Skechers Investors Pursue 3G Buyout Suit After Settlement Fails

Hedge funds and other big investors challenging 3G Capital’s $9.4 billion purchase of Skechers USA Inc. in court failed to reach an early settlement with the footwear maker as the fight over the deal price forges ahead, according to people familiar with the matter.

Investment firms are seeking a higher price than the $63 per share that 3G Capital paid in its buyout that closed in September. The company made an offer slightly above the purchase price, which was lower than what petitioners had sought in an effort to reach a settlement, said the people, who asked not to ...