April 18, 2014
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.
April 04, 2014
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.
March 14, 2014
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.
December 05, 2013
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.