SOURCE: Kahn Swick & Foti, LLC

July 02, 2013 22:00 ET

LULULEMON SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against lululemon athletica inc. - LULU

NEW ORLEANS, LA--(Marketwired - Jul 2, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 28, 2013 to file lead plaintiff applications in a securities class action lawsuit against lululemon athletica inc. (NASDAQ: LULU), if they purchased the Company's securities during the period between March 31, 2013 and June 10, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Lululemon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn ( or KSF Partner Melinda Nicholson ( If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 28, 2013.

About the Lawsuit

Lululemon and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws. 

These false statements and omissions included, in part, that: (i) the quality defects in the Company's March 1, 2013 shipment of Luon yoga pants rendering the pants see-through, resulted in part from efforts to cut costs in order to raise profit margins to the detriment of product quality and brand reputation; (ii) Lululemon was being forced to sell its pants at a discounted price during the Class Period to obtain sales and protect market share; and (iii) there were serious discussions concerning defendant CEO Christine McCormick Day's continued employment at the Company.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit

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