Lululemon (LULU) Alert: Johnson Fistel, LLP Initiates Investigation of Lululemon Athletica Inc., CEO Paid Millions after Misconduct; Investors with Losses Encouraged to Contact the Firm
SAN DIEGO, Feb. 5, 2018 /PRNewswire/ -- Johnson Fistel, LLP has commenced an investigation concerning whether Lululemon Athletica Inc. (NASDAQ: LULU) ("Lululemon") violated federal securities laws.
On February 5, 2018, Lululemon announced Laurent Potdevin had resigned as CEO effective immediately, stating he fell short of the Company's standards of conduct. Despite the misconduct, Lululemon agreed to pay Potdevin $3.35 million now and $1.65 million over a period of 18 months in monthly installments.
Following the news, Lululemon stock fell in after-market trading on February 5, 2018.
If you have information that could assist in this investigation, including past employees and others, or if you are a Lululemon shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@ johnsonfistel.com ) at 619-814-4471. If you email, please include your phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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