Lululemon Athletica Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before October 7, 2024 to Discuss Your Rights – LULU

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lululemon Athletica Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed issues affecting the company's performance during a specified period [1][2]. Group 1: Allegations and Issues - The class period for the allegations is from December 7, 2023, to July 24, 2024 [2]. - Allegations include that the company faced inventory allocation issues and color palette execution problems [2]. - The Breezethrough product launch underperformed as a result of these issues [2]. - The company experienced stagnating sales in the Americas region due to the aforementioned problems [2]. - Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action and can do so without any cost or obligation [3]. - The deadline for shareholders to seek lead plaintiff status is October 7, 2024 [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].