Kessler Topaz Meltzer & Check, LLP Reminds LULU Investors of October 7, 2024 Deadline in Securities Fraud Class Action and Urges Investors with Losses to Contact the Firm
lululemonlululemon(US:LULU) GlobeNewswire News Room·2024-09-16 22:52

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 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 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 and prospects were allegedly misleading and lacked a reasonable basis [2] Group 2: Lead Plaintiff Process - Investors have until October 7, 2024, to seek appointment as a lead plaintiff representative in the class action [3] - The lead plaintiff will represent all class members and select counsel to direct the litigation [3] - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3] Group 3: Contact Information - Kessler Topaz Meltzer & Check, LLP encourages lululemon investors who have suffered losses to contact them for more information [4]