Lululemon Says Yoga Pants Suit Hasn't Shown Stock Inflation

Law360, New York (December 5, 2013, 6:39 PM EST) -- Lululemon asked a New York federal judge on Wednesday to toss a consolidated shareholder complaint accusing the retailer of inflating its stock after consumers discovered its yoga pants were see-through, arguing that investors failed to prove that the company made misleading statements.

Firing back at allegations that the company hid its internal turmoil from shareholders, Lululemon argues that none of its statements about the quality of its clothes constituted securities fraud. The retailer also claims investors fail to connect a drop in stock price to the...
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