{"success":true,"data":{"pressRelease":{"id":"3819","rtpr_id":"nACSNY3dHa","ticker":"LAKE","exchange":"NASDAQ","all_tickers":["LAKE"],"title":"Pomerantz Law Firm Announces The Filing of a Class Action Against Lakeland Industries, Inc. and Certain Officers - LAKE","author":"ACCESSWIRE","published_at":"2026-04-21T22:00:00.729Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n21, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Lakeland Industries, Inc. (\"Lakeland\" or the \"Company\") (NASDAQ:LAKE)\nand certain officers.   The class action, filed in the United States\nDistrict Court for the Southern District of New York, and docketed under\n26-cv-01501, is on behalf of a class consisting of all persons and entities\nother than Defendants that purchased or otherwise acquired Lakeland securities\nbetween December 1, 2023 and December 9, 2025, both dates inclusive (the\n\"Class Period\"), seeking to recover damages caused by Defendants' violations\nof the federal securities laws and to pursue remedies under Sections 10(b) and\n20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated\nthereunder, against the Company and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired Lakeland securities\nduring the Class Period, you have until April 24, 2026, to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free,\nExt. 7980. Those who inquire by e-mail are encouraged to include their mailing\naddress, telephone number, and the number of shares purchased. \n\n[Click here for information about joining the class action]\n(https://pr.report/kvjc)\n\nLakeland, together with its subsidiaries, manufactures and sells industrial\nprotective clothing and accessories for the industrial and public protective\nclothing market worldwide. The Company employs a so-called \"small, strategic,\nand quick\" (\"SSQ\") mergers and acquisitions (\"M&A\") strategy to purportedly\ndrive its growth in revenue and profitability.\n\nAt the end of November 2023, Lakeland announced its acquisition of New\nZealand-based Pacific Helmets NZ Limited (\"Pacific Helmets\"), a purported\nleading designer and manufacturer of helmets for the firefighting, wildland\nfirefighting, and rescue markets. Defendants touted Pacific Helmets' purported\n\"premium solutions\" and said that the Company's acquisition of it enhanced\nLakeland's product portfolio.\n\nIn February 2024, Lakeland announced its acquisition of the related companies\nJolly Scarpe S.p.A. (based in Italy) and Jolly Scarpe Romania S.R.L.\n(collectively, \"Jolly\"), a purported leading designer and manufacturer of\nprofessional footwear for the firefighting, military, police, and rescue\nmarkets. Defendants touted this acquisition as another significant milestone\nin Lakeland's expansion efforts, as well as Jolly's purported strong brand\nwith a well-established reputation for quality and innovative design and\nmanufacturing.\n\nAt all relevant times, Defendants represented that Lakeland would realize\nsignificant benefits from the foregoing acquisitions in both the near and long\nterm, while touting the Company's overall SSQ M&A strategy. Moreover,\nfollowing the onset of tariff-related market uncertainties in 2025, Defendants\nconsistently represented that the Company was well positioned to weather\ntariff-related headwinds while continuing to pursue its SSQ M&A strategy.\nIndeed, throughout the Class Period, notwithstanding tariff-related headwinds,\nDefendants made repeated assurances regarding their visibility into Lakeland's\nfuture performance in upcoming quarters, consistently expressing confidence in\ntheir financial guidance issued to investors.\n\nFor example, in July 2024, Defendants represented that, for Lakeland's fiscal\nyear (\"FY\") 2025,[1] they expected, inter alia, adjusted EBITDA,[2] excluding\nany material negative impact from foreign exchange (\"FX\"), to be in the range\nof $18 million to $21.5 million, and repeatedly reaffirmed that they expected\nthe Company to achieve adjusted EBITDA of at least $18 million in FY 2025\nthereafter.\n\nSimilarly, in April 2025, Defendants represented that, for Lakeland's FY 2026,\nthey expected revenue of $210 to $220 million and adjusted EBITDA, excluding\nany material negative impact from FX, of $24 to $29 million. Defendants\nindicated that, notwithstanding tariff-related uncertainties, they had\nvisibility into Lakeland's future performance by virtue of various purported\npositive market signals they observed and their widely touted tariff\nmitigation measures.\n\nThe Complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding Lakeland's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) Lakeland was\nexperiencing significant, sustained issues with its Pacific Helmets and Jolly\nbusinesses, including, inter alia, shipping-related delays, production issues,\nand slower than expected rollout of new products; (ii) accordingly, Defendants\noverstated the anticipated and actual positive impact of these businesses on\nLakeland's financial results, as well as the overall strength and quality of\nPacific Helmets' and Jolly's respective operations; (iii) Lakeland's business\nand financial results were significantly deteriorating because of, inter alia,\ntariff-related headwinds and timing, certification delays, and material flow\nissues in its acquired businesses; (iv) accordingly, Defendants overstated the\nstrength of their tariff mitigation measures and SSQ M&A strategy; (v) as a\nresult of all the foregoing issues, Defendants' financial guidance was\nunreliable; and (vi) as a result, Defendants' public statements were\nmaterially false and misleading at all relevant times.\n\nThe truth began to emerge on September 4, 2024, when, during post-market\nhours, Lakeland issued a press release reporting its financial results for the\nsecond quarter (\"Q2\") of its FY 2025. Among other results, Lakeland reported\nrevenue of $38.51 million for the quarter, missing consensus estimates by\n$1.39 million. Defendant James M. Jenkins (\"Jenkins\"), the Company's\nPresident, Chief Executive Officer (\"CEO\"), and Executive Chairman, revealed\n\"the shortfall was due to shipment timing,\" and that, inter alia, Jolly had\n\"substantial fire orders delayed to the late third and early fourth quarter.\"\n\nOn this news, Lakeland's stock price fell $1.86 per share, or 7.82%, to close\nat $21.92 per share on September 5, 2024.\n\nOn April 9, 2025, during post-market hours, Lakeland issued a press release\nreporting its financial results for its fourth quarter (\"Q4\") and FY of 2025.\nAmong other results, Lakeland reported Q4 GAAP[3] earnings per share (\"EPS\")\nof -$2.42, missing consensus estimates by $2.80, and FY 2025 adjusted EBITDA,\nexcluding FX losses, of only $17.4 million-significantly below Defendants'\nrepeatedly reiterated guidance of EBITDA of at least $18 million. Defendant\nJenkins blamed these disappointing results on, inter alia, \"a large Jolly fire\nboots order that was initially expected to ship in Q2 of FY25 [that] has now\nslipped into FY26,\" \"weakness . . . at Pacific Helmets resulting from\nproduction issues and product offering updates[,]\" and \"slower than expected\"\n\"rollout of new products from Pacific Helmets and Jolly Boots[.]\"\n\nOn this news, Lakeland's stock price fell $2.63 per share, or 14.33%, to close\nat $15.72 per share on April 10, 2025.\n\nThen, on June 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for the first quarter (\"Q1\") of its FY\n2026. Among other results, Lakeland reported Q1 GAAP EPS of -$0.41, missing\nconsensus estimates by $0.60, as well as revenue of $46.74 million, missing\nconsensus estimates by $2.1 million. Defendant Jenkins blamed these\ndisappointing results on, inter alia, its Pacific Helmets business \"resulting\nfrom production issues and updates to product offerings[,]\" as well as\n\"shipment timing\" and \"tariff-related delays[.]\" Defendant Roger D. Shannon\n(\"Shannon\"), Lakeland's Chief Financial Officer, attributed the shortfall in\nadjusted EBITDA in the quarter to, inter alia, \"elevated freight costs\nresulting from tariff-related inventory build, and dilution from\nacquisitions.\"\n\nOn this news, Lakeland's stock price fell $4.29 per share, or 22.16%, to close\nat $15.07 per share on June 10, 2025.\n\nOn September 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for Q2 of its FY 2026. Among other\nresults, Lakeland reported revenue of $52.5 million for the quarter, missing\nconsensus estimates by $2.09 million. Defendant Jenkins once again blamed\nthese disappointing results on, inter alia, \"Pacific Helmets resulting from\nupdates to product offerings and production issues[,]\" as well as \"continued\ndelays in purchasing decisions due to tariff uncertainty[.]\"\n\nOn this news, Lakeland's stock price fell $0.64 per share, or 4.43%, to close\nat $13.80 per share on September 10, 2025.\n\nThen, on December 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for the third quarter (\"Q3\") of its FY\n2026. Among other results, Lakeland reported Q3 2026 GAAP EPS of -$1.64,\nmissing consensus estimates by $1.93, and revenue of $47.6 million, missing\nconsensus estimates by $9.05 million, blaming, inter alia, \"timing,\ncertification delays, and material flow issues\" in its acquired businesses, as\nwell as tariff-related headwinds. The press release further revealed that\nLakeland was withdrawing its previously issued financial guidance for FY 2026\nand would not provide financial guidance going forward because the foregoing\n\"challenges have affected our forecasting ability[.]\"\n\nThe same day, also during post-market hours, Lakeland filed a current report\non Form 8-K with the SEC, disclosing that Defendant Shannon's employment had\nbeen terminated.\n\nFollowing these disclosures, Lakeland's stock price fell $5.85 per share, or\n38.97%, to close at $9.16 per share on December 10, 2025.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising.  Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-law-firm-announces-the-filing-of-a-class-action-agains-1159684)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSNY3dHa","title":"Pomerantz Law Firm Announces The Filing of a Class Action Against Lakeland Industries, Inc. and Certain Officers - LAKE","author":"ACCESSWIRE","ticker":"LAKE","created":"2026-04-21T22:00:00.729Z","tickers":["LAKE"],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n21, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Lakeland Industries, Inc. (\"Lakeland\" or the \"Company\") (NASDAQ:LAKE)\nand certain officers.   The class action, filed in the United States\nDistrict Court for the Southern District of New York, and docketed under\n26-cv-01501, is on behalf of a class consisting of all persons and entities\nother than Defendants that purchased or otherwise acquired Lakeland securities\nbetween December 1, 2023 and December 9, 2025, both dates inclusive (the\n\"Class Period\"), seeking to recover damages caused by Defendants' violations\nof the federal securities laws and to pursue remedies under Sections 10(b) and\n20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated\nthereunder, against the Company and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired Lakeland securities\nduring the Class Period, you have until April 24, 2026, to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free,\nExt. 7980. Those who inquire by e-mail are encouraged to include their mailing\naddress, telephone number, and the number of shares purchased. \n\n[Click here for information about joining the class action]\n(https://pr.report/kvjc)\n\nLakeland, together with its subsidiaries, manufactures and sells industrial\nprotective clothing and accessories for the industrial and public protective\nclothing market worldwide. The Company employs a so-called \"small, strategic,\nand quick\" (\"SSQ\") mergers and acquisitions (\"M&A\") strategy to purportedly\ndrive its growth in revenue and profitability.\n\nAt the end of November 2023, Lakeland announced its acquisition of New\nZealand-based Pacific Helmets NZ Limited (\"Pacific Helmets\"), a purported\nleading designer and manufacturer of helmets for the firefighting, wildland\nfirefighting, and rescue markets. Defendants touted Pacific Helmets' purported\n\"premium solutions\" and said that the Company's acquisition of it enhanced\nLakeland's product portfolio.\n\nIn February 2024, Lakeland announced its acquisition of the related companies\nJolly Scarpe S.p.A. (based in Italy) and Jolly Scarpe Romania S.R.L.\n(collectively, \"Jolly\"), a purported leading designer and manufacturer of\nprofessional footwear for the firefighting, military, police, and rescue\nmarkets. Defendants touted this acquisition as another significant milestone\nin Lakeland's expansion efforts, as well as Jolly's purported strong brand\nwith a well-established reputation for quality and innovative design and\nmanufacturing.\n\nAt all relevant times, Defendants represented that Lakeland would realize\nsignificant benefits from the foregoing acquisitions in both the near and long\nterm, while touting the Company's overall SSQ M&A strategy. Moreover,\nfollowing the onset of tariff-related market uncertainties in 2025, Defendants\nconsistently represented that the Company was well positioned to weather\ntariff-related headwinds while continuing to pursue its SSQ M&A strategy.\nIndeed, throughout the Class Period, notwithstanding tariff-related headwinds,\nDefendants made repeated assurances regarding their visibility into Lakeland's\nfuture performance in upcoming quarters, consistently expressing confidence in\ntheir financial guidance issued to investors.\n\nFor example, in July 2024, Defendants represented that, for Lakeland's fiscal\nyear (\"FY\") 2025,[1] they expected, inter alia, adjusted EBITDA,[2] excluding\nany material negative impact from foreign exchange (\"FX\"), to be in the range\nof $18 million to $21.5 million, and repeatedly reaffirmed that they expected\nthe Company to achieve adjusted EBITDA of at least $18 million in FY 2025\nthereafter.\n\nSimilarly, in April 2025, Defendants represented that, for Lakeland's FY 2026,\nthey expected revenue of $210 to $220 million and adjusted EBITDA, excluding\nany material negative impact from FX, of $24 to $29 million. Defendants\nindicated that, notwithstanding tariff-related uncertainties, they had\nvisibility into Lakeland's future performance by virtue of various purported\npositive market signals they observed and their widely touted tariff\nmitigation measures.\n\nThe Complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding Lakeland's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) Lakeland was\nexperiencing significant, sustained issues with its Pacific Helmets and Jolly\nbusinesses, including, inter alia, shipping-related delays, production issues,\nand slower than expected rollout of new products; (ii) accordingly, Defendants\noverstated the anticipated and actual positive impact of these businesses on\nLakeland's financial results, as well as the overall strength and quality of\nPacific Helmets' and Jolly's respective operations; (iii) Lakeland's business\nand financial results were significantly deteriorating because of, inter alia,\ntariff-related headwinds and timing, certification delays, and material flow\nissues in its acquired businesses; (iv) accordingly, Defendants overstated the\nstrength of their tariff mitigation measures and SSQ M&A strategy; (v) as a\nresult of all the foregoing issues, Defendants' financial guidance was\nunreliable; and (vi) as a result, Defendants' public statements were\nmaterially false and misleading at all relevant times.\n\nThe truth began to emerge on September 4, 2024, when, during post-market\nhours, Lakeland issued a press release reporting its financial results for the\nsecond quarter (\"Q2\") of its FY 2025. Among other results, Lakeland reported\nrevenue of $38.51 million for the quarter, missing consensus estimates by\n$1.39 million. Defendant James M. Jenkins (\"Jenkins\"), the Company's\nPresident, Chief Executive Officer (\"CEO\"), and Executive Chairman, revealed\n\"the shortfall was due to shipment timing,\" and that, inter alia, Jolly had\n\"substantial fire orders delayed to the late third and early fourth quarter.\"\n\nOn this news, Lakeland's stock price fell $1.86 per share, or 7.82%, to close\nat $21.92 per share on September 5, 2024.\n\nOn April 9, 2025, during post-market hours, Lakeland issued a press release\nreporting its financial results for its fourth quarter (\"Q4\") and FY of 2025.\nAmong other results, Lakeland reported Q4 GAAP[3] earnings per share (\"EPS\")\nof -$2.42, missing consensus estimates by $2.80, and FY 2025 adjusted EBITDA,\nexcluding FX losses, of only $17.4 million-significantly below Defendants'\nrepeatedly reiterated guidance of EBITDA of at least $18 million. Defendant\nJenkins blamed these disappointing results on, inter alia, \"a large Jolly fire\nboots order that was initially expected to ship in Q2 of FY25 [that] has now\nslipped into FY26,\" \"weakness . . . at Pacific Helmets resulting from\nproduction issues and product offering updates[,]\" and \"slower than expected\"\n\"rollout of new products from Pacific Helmets and Jolly Boots[.]\"\n\nOn this news, Lakeland's stock price fell $2.63 per share, or 14.33%, to close\nat $15.72 per share on April 10, 2025.\n\nThen, on June 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for the first quarter (\"Q1\") of its FY\n2026. Among other results, Lakeland reported Q1 GAAP EPS of -$0.41, missing\nconsensus estimates by $0.60, as well as revenue of $46.74 million, missing\nconsensus estimates by $2.1 million. Defendant Jenkins blamed these\ndisappointing results on, inter alia, its Pacific Helmets business \"resulting\nfrom production issues and updates to product offerings[,]\" as well as\n\"shipment timing\" and \"tariff-related delays[.]\" Defendant Roger D. Shannon\n(\"Shannon\"), Lakeland's Chief Financial Officer, attributed the shortfall in\nadjusted EBITDA in the quarter to, inter alia, \"elevated freight costs\nresulting from tariff-related inventory build, and dilution from\nacquisitions.\"\n\nOn this news, Lakeland's stock price fell $4.29 per share, or 22.16%, to close\nat $15.07 per share on June 10, 2025.\n\nOn September 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for Q2 of its FY 2026. Among other\nresults, Lakeland reported revenue of $52.5 million for the quarter, missing\nconsensus estimates by $2.09 million. Defendant Jenkins once again blamed\nthese disappointing results on, inter alia, \"Pacific Helmets resulting from\nupdates to product offerings and production issues[,]\" as well as \"continued\ndelays in purchasing decisions due to tariff uncertainty[.]\"\n\nOn this news, Lakeland's stock price fell $0.64 per share, or 4.43%, to close\nat $13.80 per share on September 10, 2025.\n\nThen, on December 9, 2025, during post-market hours, Lakeland issued a press\nrelease reporting its financial results for the third quarter (\"Q3\") of its FY\n2026. Among other results, Lakeland reported Q3 2026 GAAP EPS of -$1.64,\nmissing consensus estimates by $1.93, and revenue of $47.6 million, missing\nconsensus estimates by $9.05 million, blaming, inter alia, \"timing,\ncertification delays, and material flow issues\" in its acquired businesses, as\nwell as tariff-related headwinds. The press release further revealed that\nLakeland was withdrawing its previously issued financial guidance for FY 2026\nand would not provide financial guidance going forward because the foregoing\n\"challenges have affected our forecasting ability[.]\"\n\nThe same day, also during post-market hours, Lakeland filed a current report\non Form 8-K with the SEC, disclosing that Defendant Shannon's employment had\nbeen terminated.\n\nFollowing these disclosures, Lakeland's stock price fell $5.85 per share, or\n38.97%, to close at $9.16 per share on December 10, 2025.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising.  Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-law-firm-announces-the-filing-of-a-class-action-agains-1159684)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T22:00:00.768245775Z","server_sent_at_ms":1776808800768},"received_at":"2026-04-21T22:00:00.821Z","source_url":"https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-law-firm-announces-the-filing-of-a-class-action-agains-1159684"},"analysis":{"id":"2645","press_release_id":"3819","analysis_json":{"industry":{"label":"Capital Goods","sector":"Industrials"},"redFlags":["Class action lawsuit alleges securities fraud","CFO employment terminated","FY 2026 guidance withdrawn due to inability to forecast","Stock price declined 38.97% following disclosure of issues"],"eventType":"legal_litigation","narrative":"Pomerantz LLP filed a class action lawsuit against Lakeland Industries and its officers, alleging violations of federal securities laws related to the company's \"small, strategic, and quick\" M&A strategy.\n\nThe complaint claims defendants made false statements about the success of acquisitions, specifically Pacific Helmets and Jolly Scarpe, while hiding production delays and integration issues.\n\nThese alleged misrepresentations culminated in missed earnings targets, the withdrawal of FY 2026 guidance, the termination of the CFO, and a 39% drop in share price.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Securities fraud suit alleges Lakeland inflated guidance and hid operational failures following acquisitions."},"keyFigures":{"guidance":"Withdrawn FY 2026 guidance (previously $210 to $220 million revenue, $24 to $29 million adjusted EBITDA)","customDimensions":{"fy_2025_adjusted_ebitda":"$17.4 million","dec_10_2025_stock_drop_percent":"38.97%","fy_2025_adjusted_ebitda_guidance":"$18 million to $21.5 million"}},"quotedText":"challenges have affected our forecasting ability","namedEntities":{"people":[{"name":"James M. Jenkins","role":"President, CEO, and Executive Chairman"},{"name":"Roger D. Shannon","role":"Chief Financial Officer"},{"name":"Danielle Peyton","role":"Contact"}],"products":["Pacific Helmets","Jolly Boots"],"companies":[{"name":"Lakeland Industries, Inc.","ticker":"LAKE"},{"name":"Pacific Helmets NZ Limited","relationship":"acquired business"},{"name":"Jolly Scarpe S.p.A.","relationship":"acquired business"},{"name":"Pomerantz LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$18 million to $21.5 million","context":"FY 2025 adjusted EBITDA guidance"},{"amount":"$210 to $220 million","context":"FY 2026 revenue guidance"},{"amount":"$17.4 million","context":"FY 2025 actual adjusted EBITDA"},{"amount":"$5.85 per share","context":"stock price decline on December 10, 2025"}]},"materialImpact":{"score":4,"reasoning":"The class action alleges serious securities fraud related to the company's M&A strategy and operational guidance. The filing references a nearly 39% single-day stock decline, the withdrawal of full-year guidance, and the termination of the CFO, indicating severe underlying business issues."},"tickerRelevance":{"others":[],"primary":"LAKE"},"eventTypeSecondary":["executive_change"]},"event_type":"legal_litigation","event_type_secondary":["executive_change"],"sentiment":"bearish","material_impact_score":4,"narrative":"Pomerantz LLP filed a class action lawsuit against Lakeland Industries and its officers, alleging violations of federal securities laws related to the company's \"small, strategic, and quick\" M&A strategy.\n\nThe complaint claims defendants made false statements about the success of acquisitions, specifically Pacific Helmets and Jolly Scarpe, while hiding production delays and integration issues.\n\nThese alleged misrepresentations culminated in missed earnings targets, the withdrawal of FY 2026 guidance, the termination of the CFO, and a 39% drop in share price.","key_figures":{"guidance":"Withdrawn FY 2026 guidance (previously $210 to $220 million revenue, $24 to $29 million adjusted EBITDA)","customDimensions":{"fy_2025_adjusted_ebitda":"$17.4 million","dec_10_2025_stock_drop_percent":"38.97%","fy_2025_adjusted_ebitda_guidance":"$18 million to $21.5 million"}},"named_entities":{"people":[{"name":"James M. Jenkins","role":"President, CEO, and Executive Chairman"},{"name":"Roger D. Shannon","role":"Chief Financial Officer"},{"name":"Danielle Peyton","role":"Contact"}],"products":["Pacific Helmets","Jolly Boots"],"companies":[{"name":"Lakeland Industries, Inc.","ticker":"LAKE"},{"name":"Pacific Helmets NZ Limited","relationship":"acquired business"},{"name":"Jolly Scarpe S.p.A.","relationship":"acquired business"},{"name":"Pomerantz LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$18 million to $21.5 million","context":"FY 2025 adjusted EBITDA guidance"},{"amount":"$210 to $220 million","context":"FY 2026 revenue guidance"},{"amount":"$17.4 million","context":"FY 2025 actual adjusted EBITDA"},{"amount":"$5.85 per share","context":"stock price decline on December 10, 2025"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T02:53:36.484Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.805Z"}},"durationMs":154163,"modelName":"glm-4.7"}}