Lakeland Industries faces securities class action; lead plaintiff deadline set for April 24, 2026

Reuters

Mar 28

Lakeland Industries faces securities class action; lead plaintiff deadline set for April 24, 2026

Securities class action filed against Lakeland Industries in federal court, targeting disclosures made during a December 1, 2023 to December 9, 2025 class period.
Complaint alleges Lakeland misled investors about operational problems at Pacific Helmets, Jolly, tariff-related headwinds, and reliability of financial guidance.
Shares fell 38.97% to $9.16 on December 10, 2025 following results that missed expectations, withdrawal of FY 2026 guidance, and termination of CFO Roger Shannon.
Earlier stock declines cited in complaint include a 22.16% drop to $15.07 on June 10, 2025 tied to quarterly revenue and EPS misses.
Lead plaintiff deadline set for April 24, 2026.

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 28, 2026, and is solely responsible for the information contained therein.

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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 28, 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,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}