| Company: | lululemon athletica inc, |
| Ticker Symbol: | LULU |
| Class Period: | Mar-21-13 to Jun-10-13 |
| Date Filed: | Jul-23-13 |
| Lead Plaintiff Deadline: | Sep-21-13 |
| Court: | ---- |
| Allegations: | |
According to the suit, lululemon materially misstated and/or failed to disclose that (i) product defects in the Luon yoga pants shipped on March 1, 2013 were due in part from the Company's attempts to increase profit margins by reducing costs to the detriment of product quality and brand reputation; (ii) the Company was forced to sell its products at a discount in order to obtain sales and preserve market share; and (iii) there was meaningful discussions concerning the potential replacement of the Company's CEO, Christine McCormick Day. When these adverse facts were disclosed, the price of the Company's stock dropped, damaging investors.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
