Lululemon Sued over Turnaround Plan
LULU faces a new proposed class-action lawsuit in a New Jersey district court, filed by investor Karol Koronczi against the company, CFO Meghan Frank, and president and CCO André Maestrini. The lawsuit alleges that executives issued unrealistic fiscal year 2026 guidance by hiding slowing foot traffic, dropping demand, weak product launches, and negative social media commentary. ... Log in to view full article.
