Class Action Announcement for lululemon athletica inc. (LULU): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against lululemon athletica inc.

Core Viewpoint - A securities class action lawsuit has been filed against lululemon athletica inc. for allegedly making false and misleading statements regarding its business performance and inventory issues during the Class Period from December 7, 2023, to July 24, 2024 [1][2]. Group 1: Allegations Against lululemon - The lawsuit claims that lululemon faced significant inventory allocation and color palette execution issues [2]. - The Breezethrough product launch reportedly underperformed, contributing to stagnating sales in the Americas region [2]. - Positive statements made by the company regarding its business operations and prospects were allegedly misleading and lacked a reasonable basis due to these issues [2]. Group 2: Legal Process for Investors - Investors in lululemon have until October 7, 2024, to seek appointment as lead plaintiff representatives in the class action [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the case and encourages affected investors to reach out for more information [4][5]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].