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In re Lululemon Securities Litigation
Case Number:
1:13-cv-04596
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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April 18, 2014
Lululemon Beats Investors' Too-Sheer Yoga Pants Suit
A New York federal judge on Friday granted final dismissal to a consolidated securities class action against Lululemon Athletica Inc. and two principals over the fallout from its costly March 2013 recall of too-sheer yoga pants, finding claims of purportedly false statements by the company to be mere puffery.
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April 04, 2014
Lululemon Investors' See-Through Suit A Stretch, Judge Says
A New York federal judge said Friday she was inclined to dismiss a shareholder class action suit against Lululemon Athletica Inc. over its costly March 2013 recall of yoga pants, which customers complained were too sheer.
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March 14, 2014
Lululemon Investors Slam Bid To Ax Sheer Yoga Pants Suit
Investors in Lululemon Athletica Inc. in a New York court on Thursday pushed back against the apparel maker's attempt to dismiss their shareholder class action accusing the company of concealing problems that led to a recall of yoga pants found to be see-through, saying Lululemon's rosy statements on product quality were material to investors.
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December 05, 2013
Lululemon Says Yoga Pants Suit Hasn't Shown Stock Inflation
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.