Former Louisiana Attorney General and law firm Kahn Swick & Foti, LLC have issued a reminder to investors who have suffered losses in excess of $100,000 in a class action lawsuit against Lululemon Athletica Inc. that the deadline is approaching. The deadline for investors to participate in the lawsuit is 72 hours away.
The lawsuit against Lululemon Athletica Inc. (NASDAQ: LULU) alleges that the company made false and misleading statements to investors, leading to inflated stock prices. The lawsuit claims that Lululemon failed to disclose that the company’s business was being negatively impacted by supply chain issues and other operational shortcomings. As a result, investors who purchased Lululemon stock at artificially inflated prices suffered financial losses when the truth was revealed.
Investors who meet the eligibility requirements and wish to participate in the class action lawsuit must submit their information before the deadline in order to be included in any potential recovery. The lawsuit is being overseen by Kahn Swick & Foti, LLC, a respected law firm known for representing investors in securities fraud cases.
Lululemon Athletica Inc. is a popular athletic apparel retailer known for its high-quality yoga and workout gear. The company’s stock price has been volatile in recent months, as investors react to news of supply chain issues and other operational challenges.
Investors who believe they meet the eligibility requirements and have suffered losses in excess of $100,000 in Lululemon stock are encouraged to act quickly to protect their legal rights. The deadline for participation in the class action lawsuit is fast approaching, and investors should not delay in submitting their information to Kahn Swick & Foti, LLC.
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