SAN FRANCISCO, 4th November 2020 / PRNewswire / – Hagens Berman Urges Columbia Sportswear Company (NASDAQ: COLM) investors with significant losses to file their losses now. The company is investigating possible securities fraud and certain investors may have valuable claims.
Relevant period: Before October 30, 2020
Contact an attorney now: [email protected]
Columbia Sportswear Company (COLM) investigation:
The investigation focuses on the accuracy of Colombia Financial Policy Statements and Related Operations Statements in relation to Third Quarter 2020 Financial Results.
More precisely during Colombia Q2 2020 call for results July 30, 2020 Management assured investors that “[d]Despite supply chain disruptions related to the pandemic that emerged earlier this year, we expect to deliver most of our backlog on time in the fall. “
Then further October 29, 2020, Columbia announced disappointing financial results for the third quarter of 2020, down significantly year over year. Management made the disappointment due in part to a 28% year-over-year decline in wholesale business, saying roughly $ 45 million In autumn 2020, deliveries were postponed to the fourth quarter.
This news drove the price off Columbia Stocks plummet the next day.
“We focus on investor losses and whether Columbia Investors were deliberately misled about the timing of the third quarter sale and the severity of the related disruptions, “he said Hagens Berman partner Reed Kathrein. “We welcome speaking to people who know the real reasons for the decline.”
If you are one Columbia If you are an investor and have significant losses or have knowledge to assist the Company’s investigation and prosecution of this matter, click here to discuss your statutory rights with Hagens Berman.
Whistleblower: People with non-public information too Columbia should review their options to help with the investigation or use the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. Call for more information Reed Kathrein at 844-916-0895 or by email [email protected].
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SOURCE Hagens Berman Sobol Shapiro LLP