Lululemon Hit with Shareholder Suit
Plaintiff Prathik Patel is suing the Lulunatics, CEO Calvin McDonald, and CFO Meghan Frank, in a proposed class action filed in NY district court accusing them of making misleading statements about high inventory levels of its Breezethrough yoga wear. According to the suit, when the Breezethrough product launched last month, plaintiffs failed to disclose that it was struggling with allocation issues due ... Log in to view full article.
