This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lululemon Athletica SHAREHOLDER ALERT: Levi & Korsinsky Reminds Investors With Losses In Lululemon Athletica Inc. Of Class Action Lawsuit And Deadline Of September 3, 2013 To Seek Lead Plaintiff Position

Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased lululemon athletic inc. (“lululemon” or the “Company”) (Nasdaq:LULU) stock between March 21, 2013 and June 10, 2013.

For more information, click here: http://zlk.9nl.com/lululemon-athletic-lulu/.

The complaint alleges that defendants failed to disclose that: (a) product defects in the Company’s Luon yoga pants shipped on March 1, 2013 resulted in part from the Company’s attempts to raise profit margins by cutting costs to the detriment of the product quality and the brand reputation; (b) the Company was forced to sell product at a discount to obtain sales and protect market share; that (c) discussions were underway concerning the possible replacement of CEO Christine McCormick Day; and (d) as a result of the defendants’ positive statements, shares of lululemon stock were artificially inflated.

On June 10, 2013, lululemon founder Dennis J. Wilson sold 2 million shares of his personally owned stock. Following the close of trading, lululemon announced that Day would step down as CEO. The Company also acknowledged that it had discounted prices during the Class Period. Shares of lululemon stock fell from a close of $82.28 per share on June 10, 2013, to a close of $67.85 the following day.

If you suffered a loss in lululemon you have until September 3, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/lululemon-athletic-lulu/ .

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs