Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 7, 2024 to file lead plaintiff applications in a securities class action lawsuit against Lululemon Athletica Inc. (the “Company”) (NasdaqGS: LULU), if they purchased the Company’s securities between December 7, 2023 and July 24, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of Lululemon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-lulu/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by October 7, 2024.
About the Lawsuit
Lululemon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company was struggling with inventory allocation and color palette execution issues; (2) as a result, the Company’s Breezethrough product launch underperformed and the Company was experiencing stagnating sales in the Americas region; and (3) as a result of the foregoing, the Company’s positive statements about the its business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The case is Patel v. Lululemon Athletica Inc., et al., No. 24-cv-06033.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241004527584/en/