Day: September 20, 2024

Lululemon Athletica Inc. is the target of a new shareholder derivative lawsuit, accusing the company and key executives and board members of breaching their fiduciary duties, engaging in mismanagement, and misleading shareholders about the company’s inclusion and diversity efforts. The complaint, filed by James Wong on behalf of the company, accuses Lululemon’s management and board…

Shein is urging a federal court in Washington, D.C. not to dismiss the closely watched lawsuit that it is waging against Temu, as the companies continue to fight for marketshare in the U.S. On the heels of Temu-owner WhaleCo Inc. filing a motion to dismiss in an effort to sidestep liability in the headline-making case,…