Tuesday, October 1, 2013

Daily News: Odd News - Lululemon lawsuit over sheer yoga pants gets lead plaintiff

Tuesday, Oct 01, 2013 11:50 AM PDT
Today's Odd News - Reuters News Headlines - Yahoo! News:

Lululemon lawsuit over sheer yoga pants gets lead plaintiff 
Tuesday, Oct 01, 2013 11:50 AM PDT
A Lululemon Athletica logo is seen outside one of the company's stores in New YorkBy Jonathan Stempel (Reuters) - A Louisiana pension fund will lead U.S. litigation accusing Lululemon Athletica Inc of fraudulently hiding defects that caused yoga pants to become nearly sheer, and concealing talks that led to the surprise departure of its chief executive. U.S. District Judge Katherine Forrest in Manhattan on Tuesday said the Louisiana Sheriffs' Pension & Relief Fund, which owned about $1.3 million of Lululemon stock, will handle the litigation on behalf of shareholders. ...
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