Archived Investigations

Lululemon Athletica Inc. (NasdaqGS: LULU)

Company Name:Lululemon Athletica Inc.

Stock Symbol:NasdaqGS: LULU

Court:Southern District of New York

Class Period Start:12/07/2023

Class Period End (inclusive):07/24/2024

Filing Deadline:The deadline has passed.

August 9, 2024

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.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us