|By Marketwired .||
|July 15, 2013 11:21 AM EDT||
ATLANTA, GA -- (Marketwired) -- 07/15/13 -- Holzer Holzer & Fistel, LLC is announces that it has filed a class action lawsuit on behalf of investors who purchased Lululemon Athletica ("Lululemon" or the "Company") (NASDAQ: LULU) common stock between March 21, 2013 and June 10, 2013. The complaint alleges that a series of statements made during that time regarding Lululemon's business, operations and prospects were false and misleading. Specifically, the complaint alleges that Lululemon misrepresented and failed to adequately disclose: (a) The Luon quality defects resulted in part from Lululemon's efforts to cut costs to raise profit margins to the detriment of product quality and brand reputation; (b) Lululemon was being forced to sell yoga pants at a discounted price during the Class Period to obtain sales and protect market share; and (c) there were serious discussions concerning Defendant Day's continued employment at the Company and the Company was considering replacing Defendant Day.
If you purchased LULU common stock between March 21, 2013 and June 10, 2013 you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than September 3, 2013. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a LULU investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at [email protected], or [email protected], or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
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