The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 7, 2024 in Lululemon Athletica Inc. Lawsuit – 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 Lululemon faced inventory allocation issues and color palette execution problems, which led to the underperformance of the Breezethrough product launch [2]. - As a result of these issues, the company experienced stagnating sales in the Americas region, and positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [2]. Group 2: Shareholder Actions - Shareholders who purchased LULU shares during the class period are encouraged to register for the class action, with a deadline set for October 7, 2024 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3: Law Firm Background - 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 or omissions [4].