Oct. 7th Deadline Alert: Investors Who Lost More Than $100,000 With Lululemon Athletica Inc. (NASDAQ: LULU) Shares Should Contact the Shareholders Foundation
SAN DIEGO, CA, September 25, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announced that a deadline is coming up on October 07, 2024 in the lawsuit that was filed for certain investors who purchased shares of Lululemon Athletica Inc. (NASDAQ:LULU). Investors in NASDAQ: LULU shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554
The Shareholders Foundation, Inc. announced that a deadline is coming up on October 07, 2024 in the lawsuit that was filed for certain investors who purchased shares of Lululemon Athletica Inc. (NASDAQ:LULU).
Investors, who purchased shares in excess of $100,000 of Lululemon Athletica Inc. (NASDAQ: LULU) between December 7, 2023 and July 24, 2024, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On on July 24, 2024 it reported that several analysts posited Lululemon's inventory allocation seemed inconsistent, particularly as to the Breezethrough legging launched earlier that month, both in-store and online.
Then, on July 25, 2024, it was reported that a Lululemon spokesperson told the agency that the Company "made the decision to pause on sales [of the Breezethrough yoga wear] for now to make any adjustments necessary to deliver the best possible product experience."
On August 08, 2024, a NASDAQ: LULU investor filed a lawsuit against Lululemon Athletica Inc. over alleged securities laws violations. The plaintiff alleges that the defendants failed to disclose to investors that the Company was struggling with inventory allocation issues and color palette execution issues, that, as a result, the Company's Breezethrough product launch underperformed, that, as a result of the foregoing, the Company was experiencing stagnating sales in the Americas region, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased NASDAQ: LULU shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
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