US Market News
3月前
SUEWALLST: LAKELAND CEO AND CFO FACE LIABILITY FOR ALLEGED SHAREHOLDER LOSSESMarch 5, 2026 2:25 PM
PR Newswire (US)
Important Information Regarding Section 20(a) Individual Liability ClaimsLAKE INVESTOR ALERTNEW YORK, March 5, 2026 /PRNewswire/ -- SueWallSt alerts investors in Lakeland Industries, Inc. (NASDAQ: LAKE) of a pending securities class action naming three senior executives as individual defendants. Class Period: December 1, 2023 through December 9, 2025. Find out if you qualify to recover losses or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com | (888) SueWallSt.Lakeland shareholders suffered cumulative stock declines of 7.82%, 14.33%, 22.16%, 4.43%, and 38.97% across five corrective disclosures during the Class Period. The action asserts claims under Section 20(a) of the Securities Exchange Act of 1934 against the executives who allegedly controlled the content of the Company's misleading public statements and SEC filings.The Named Individual DefendantsThe complaint identifies three officers who allegedly possessed the power and authority to control Lakeland's SEC filings, press releases, and market communications:- James M. Jenkins served as Acting President and CEO beginning February 1, 2024, became President and CEO on June 1, 2024, and served as Executive Chairman at all relevant times. The complaint contends Jenkins directed repeated public assurances about Pacific Helmets and Jolly acquisition performance, financial guidance, and tariff mitigation strategies.- Charles D. Roberson served as CEO from before the Class Period through January 31, 2024, during the initial Pacific Helmets acquisition announcements and related representations about anticipated benefits.- Roger D. Shannon served as CFO at all relevant times until his employment was terminated on December 9, 2025, the same day Lakeland withdrew its FY 2026 financial guidance and reported Q3 FY2026 results that missed revenue estimates by $9.05 million.Sarbanes-Oxley Certification ObligationsThe lawsuit charges that each relevant Individual Defendant signed SOX certifications appended to Lakeland's quarterly and annual SEC filings, including the Q3 2024 10-Q, the 2024 10-K, the Q1 2025 10-Q, the Q2 2025 10-Q, and the Q3 2025 10-Q. These certifications attested that each filing "does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading." The complaint asserts these certifications were false when made.Section 20(a) Control Person FrameworkThe action alleges that each Individual Defendant:- Possessed the power and authority to control the contents of Lakeland's SEC filings, press releases, and market communications- Was provided with copies of misleading SEC filings and press releases prior to or shortly after issuance- Had the ability and opportunity to prevent issuance of false statements or cause them to be corrected- Knew, by virtue of their positions and access to material non-public information, that adverse facts about Pacific Helmets and Jolly had not been disclosed to shareholders- Knew that positive representations being made to the market were materially false and misleading at the time"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. When executives sign SOX certifications attesting to the accuracy of SEC filings, they bear personal responsibility for the content of those disclosures." -- Joseph E. Levi, Esq.Submit your information to join the recovery or call Joseph E. Levi, Esq. at (212) 363-7500. To be considered for lead plaintiff, investors must file by April 24, 2026.Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi @Icons1
View original content:https://www.prnewswire.com/news-releases/suewallst-lakeland-ceo-and-cfo-face-liability-for-alleged-shareholder-losses-302705715.htmlSOURCE SueWallSt.com
Original: SUEWALLST: LAKELAND CEO AND CFO FACE LIABILITY FOR ALLEGED SHAREHOLDER LOSSES
US Market News
3月前
Lakeland Industries, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – LAKEFebruary 25, 2026 7:30 AM
Business Wire
The DJS Law Group reminds investors of a class action lawsuit against Lakeland Industries, Inc. (“Lakeland” or “the Company”) (NASDAQ: LAKE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of LAKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: December 1, 2023 to December 9, 2025
DEADLINE: April 24, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Lakeland’s Pacific Helmets and Jolly businesses were struggling with multiple problems including delays in new product rollouts. Based on these problems, the Company misstated the overall strength of its business. Based on these facts, Lakeland’s public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260225006668/en/
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
Original: Lakeland Industries, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – LAKE
BottomBounce
5年前
$LAKE The TSA's travel mask mandate requires masks on airplanes, trains, buses and in airports and train stations. The new fines for those who refuse to wear masks take effect Friday would be $500 to $1,000 for first offenders and $1,000 to $3,000 for repeat offenders. Children under the age of 2 and those with certain disabilities are exempt. https://www.usatoday.com/story/travel/airline-news/2021/09/09/tsa-double-fines-refusing-mask-up-transportation/8264147002/