TMX Newsfile·2026-03-12 03:33Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Lakeland Industries, Inc. during the specified Class Period of the upcoming lead plaintiff deadline on April 24, 2026 [1]. Group 1: Class Action Details - Investors who bought Lakeland securities between December 1, 2023, and December 9, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by April 24, 2026 [3]. Group 2: Case Allegations - The lawsuit alleges that Lakeland's management made false and misleading statements regarding the performance of its Pacific Helmets and Jolly businesses, including issues with shipping delays, production problems, and a slower rollout of new products [5]. - It is claimed that the defendants overstated the positive impact of these businesses on Lakeland's financial results and the overall strength of operations [5]. - The lawsuit also points out that Lakeland's financial results were deteriorating due to tariff-related challenges, certification delays, and material flow issues, leading to unreliable financial guidance from the company [5].