An investigation for investors in Columbia Sportswear Company (NASDAQ: COLM) shares over potential securities laws violations by Columbia Sportswear Company was announced.
San Diego, CA -- (SBWIRE) -- 11/17/2020 -- An investigation was announced concerning potential securities laws violations by Columbia Sportswear Company in connection with certain financial statements.
Investors who purchased shares of Columbia Sportswear Company (NASDAQ: COLM), 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 a series of statements by Columbia Sportswear Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Portland, OR based Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada.
On October 29, 2020, Columbia Sportswear Company announced its third quarter 2020 financial results in a press release. Therein, Columbia Sportswear Company stated that net sales declined 23% year-over-year partly due to "approximately $45 million of Fall 2020 shipments shifting into fourth quarter 2020."
Shares of Columbia Sportswear Company (NASDAQ: COLM) declined from $99.23 per share on October 23, 2020 to $73.11 per share on October 30, 2020.
Those who purchased shares of Columbia Sportswear Company (NASDAQ: COLM) have certain options and should contact the Shareholders Foundation.
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