Sep 27, 2024, 2:15 PM
Sep 27, 2024, 2:15 PM

Lululemon investors face deadline in securities fraud lawsuit

Provocative
Highlights
  • A class action lawsuit has been initiated against lululemon athletica inc. for alleged securities fraud.
  • The complaint claims that lululemon misled investors about its inventory and product performance during a specified period.
  • Investors have until October 7, 2024, to join the lawsuit, which seeks to address the alleged misconduct.
Story

On September 27, 2024, Kessler Topaz Meltzer & Check, LLP announced a securities class action lawsuit against lululemon athletica inc. The lawsuit targets investors who acquired lululemon securities between December 7, 2023, and July 24, 2024. The complaint alleges that the company misled investors regarding its business performance, particularly concerning inventory allocation and product launches. The lead plaintiff deadline for investors to join the lawsuit is set for October 7, 2024. The case is presided over by Judge Andrew Lamar Carter Jr., highlighting the seriousness of the allegations against lululemon. Investors are encouraged to consider their options regarding participation in the lawsuit, which aims to hold the company accountable for its alleged misconduct. Kessler Topaz Meltzer & Check, LLP is known for its commitment to protecting investors from fraud and misconduct, and this case reflects their ongoing efforts in this area.

Opinions

You've reached the end