Lakeland(US:LAKE) TMX Newsfile·2026-02-28 20:22Core 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 class action lawsuit claims that Lakeland Industries made false and misleading statements regarding its Pacific Helmets and Jolly businesses, which faced significant operational issues including shipping delays and production problems [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 must be appointed by April 24, 2026, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].