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Lululemon Yoga Pants Lawsuits In U.S. Win Final Dismissals

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April 18, 2014 AT 8:54 AM
A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants. District Judge Katherine Forrest in Manhattan had on April 4 issued "draft" decisions dismissing a shareholder lawsuit against Lululemon, and two lawsuits accusing 11 executives and directors of missing red flags about poor quality control. The judge issued a final, longer ruling dismissing the proposed shareholder class action on Friday, after having done the same in the other two lawsuits last week.