An investigation for investors in Lululemon Athletica inc. (NASDAQ:LULU) shares over potential securities laws violations by Lululemon Athletica inc. (NASDAQ:LULU was announced and Lululemon Athletica inc. (NASDAQ:LULU stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/14/2018 -- Lululemon Athletica inc is under investigation over potential securities laws in connection with certain statements made by Lululemon Athletica inc.
Investors who purchased shares of Lululemon Athletica inc. (NASDAQ:LULU), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Lululemon Athletica inc. (NASDAQ:LULU regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canadian based lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. Lululemon Athletica inc. reported that its Total Revenue rose from over $2.06 billion for the 52 weeks period that ended on January 31, 2016 to over $2.34 billion for the 52 weeks period that ended on Janaury 29, 2017 and that its Net Income for those respective time periods increased from $266.05 million to $303.38 million.
On February 5, 2018, Lululemon Athletica inc. announced Laurent Potdevin had resigned as CEO effective immediately, stating he fell short of the Company's standards of conduct. Despite the misconduct, Lululemon agreed to pay Potdevin $3.35 million now and $1.65 million over a period of 18 months in monthly installments.
On February 13, 2018, NASDAQ:LULU shares closed at $77.27 per share.
Those who purchased shares of Lululemon Athletica inc. (NASDAQ:LULU) have certain options and should contact the Shareholders Foundation.
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