San Diego, CA -- (SBWire) -- 06/17/2013 --An investigation on behalf of investors of Lululemon Athletica inc. (NASDAQ:LULU) shares over potential securities laws violations by Lululemon Athletica inc. and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Lululemon Athletica inc. (NASDAQ:LULU) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lululemon Athletica inc. (NASDAQ:LULU) concerning whether a series of statements by Align Technology, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Lululemon Athletica inc. reported that its Total Revenue rose from $452.90 million for the 52 weeks period that ended on Jan. 31, 2010 to over $1.37 billion for the 53 weeks period that ended on Feb. 3, 2013 and that its respective Net Income rose from $58.28 million to $270.56 million.
Shares of Lululemon Athletica inc. grew from $45.26 per share in late 2011 to $82.25 on June 4, 2013.
Then on June 10, 2013, Lululemon Athletica inc. announced its first quarter fiscal 2013 results. Lululemon Athletica inc. also announced that Christine Day will step down as the Company's Chief Executive Officer when a successor is named.
Shares of Lululemon Athletica inc. declined from $82.28 per share on June 10, 2013 to as low as $64 per share on June 12, 2013.
On June 13, 2013, NASDAQ:LULU shares closed at $66.57 per share.
Those who purchased shares of Lululemon Athletica inc. (NASDAQ:LULU), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Lululemon Athletica Inc. (NASDAQ:LULU) Investor Alert: Investigation over Potential Securities Laws Violations
An investigation for investors in Lululemon Athletica inc. (NASDAQ:LULU) shares over potential securities laws violations by Lululemon Athletica inc. was announced and NASDAQ:LULU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com