Lululemon faces third U.S. class action suit related to recall of black Luon pants

Lululemon Athletica is facing yet another class action proceeding in the United States.

Like the others, the most recent filing against the Vancouver-based retailer of high-end activewear alleges disclosure shortcomings related to the controversial recall of the company’s Luon yoga pants.

The suit was filed by Morgan & Morgan in the U.S. District Court for the Southern District of New York on behalf of investors who bought Lululemon stock between March 21 and June 10.