Pomerantz files securities class action against Lakeland Industries over 2023-2025 disclosures

Reuters

Mar 19

Pomerantz files securities class action against Lakeland Industries over 2023-2025 disclosures

A securities class action was filed against Lakeland and certain officers in the U.S. District Court for the Southern District of New York, docketed as 26-cv-01501.
The suit covers purchasers of Lakeland securities between December 1, 2023 and December 9, 2025, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
The complaint alleges Lakeland made misleading statements and omissions about operational issues at its Pacific Helmets and Jolly businesses, and about the reliability of its financial guidance.
After results released on June 9, 2025, the stock fell 22.16% to close at $15.07 on June 10, 2025.
Following disclosures on December 9, 2025, the stock fell 38.97% to close at $9.16 on December 10, 2025, and the company disclosed that CFO Roger D. Shannon’s employment had been terminated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lakeland Industries Inc. published the original content used to generate this news brief on March 19, 2026, and is solely responsible for the information contained therein.

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Shannon’s employment had been terminated.\n        \n\n\n\n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lakeland Industries Inc. published the original content used to generate this news brief on March 19, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}