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...
To view the full article, register now.




Case Information

Case Title

In re Lululemon Securities Litigation

Case Number



New York Southern

Nature of Suit



Katherine B. Forrest

Date Filed

July 2, 2013

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.