NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of lululemon athletica inc. (“lululemon” or “the Company”) (NASDAQ: LULU). Investors who purchased lululemon securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/LULU.
Investigation Details:
On May 21, 2024, lululemon issued a press release “announc[ing] it is implementing an updated and more integrated organizational structure, in conjunction with the departure of Sun Choe, Chief Product Officer, who has resigned and will leave the company later this month to pursue another opportunity.” Among other adjustments, lululemon stated that it “does not intended to replace the role of Chief Product Officer”, instead splitting the role’s core responsibilities across the current leadership team in a new organizational structure. On this news, lululemon’s stock price fell $23.35 per share, or 7.23%, to close at $299.63 per share on May 22, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased lululemon securities, you can assist this investigation by visiting the firm’s site: bgandg.com/LULU. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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