Lakeland(US:LAKE) Globenewswire·2026-02-27 00:05Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Lakeland Industries, Inc. securities for the period between December 1, 2023, and December 9, 2025, due to alleged misleading statements and undisclosed issues affecting the company's financial performance [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lakeland Industries faced significant issues with its Pacific Helmets and Jolly businesses, including shipping delays, production problems, and a slower rollout of new products [5]. - Defendants allegedly overstated the positive impact of these businesses on Lakeland's financial results and the overall strength of their operations [5]. - The lawsuit indicates that Lakeland's financial results were deteriorating due to tariff-related challenges, certification delays, and material flow issues in acquired businesses [5]. Group 2: Investor Information - Investors who purchased Lakeland securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff is needed to represent other class members, and interested parties must move the Court by April 24, 2026 [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].