Globenewswire·2026-03-10 22:20Core Viewpoint - Class actions have been initiated on behalf of stockholders of Lakeland Industries, Inc. and Zynex, Inc., with specific deadlines for investors to petition the court to serve as lead plaintiff [1] Lakeland Industries, Inc. (NASDAQ:LAKE) - Class period for the lawsuit is from December 1, 2023, to December 9, 2025, with a lead plaintiff deadline of April 24, 2026 [4] - Allegations include that Lakeland faced significant issues with its Pacific Helmets and Jolly businesses, such as shipping delays, production issues, and a slower rollout of new products [4] - The lawsuit claims that the defendants overstated the positive impact of these businesses on Lakeland's financial results and the overall strength of operations [4] - Financial results reported for Q3 2026 included net sales of $47.6 million, with adjusted EBITDA at $200,000, a decrease of $4.5 million or 95% compared to the prior year [4] - The company reported a net loss of $16 million or ($1.64) per share, contrasting with a net income of $100,000 or $0.01 per share in the prior-year quarter [4] - Following the earnings report, Lakeland's stock price fell by $5.85 per share, or 38.97%, closing at $9.16 per share on December 10, 2025 [4] Zynex, Inc. (OTCPK:ZYXIQ) - Class period for the lawsuit is from February 25, 2021, to December 15, 2025, with a lead plaintiff deadline of April 21, 2026 [5] - Allegations against Zynex include shipping products in excess of need, inflating revenue, and engaging in a fraudulent overbilling scheme that drew scrutiny from insurers [5] - The lawsuit claims management prioritized aggressive sales strategies over compliance with industry laws, leading to potential adverse consequences, including removal from insurer networks [5] - Defendants' positive statements about Zynex's business and operations are alleged to be materially misleading and lacking a reasonable basis [5]