Press release
Investigation for NASDAQ: COLM Investors over possible Wrongdoing at Columbia Sportswear Company announced
An investigation on behalf of investors in Columbia Sportswear Company (NASDAQ: COLM) shares over potential wrongdoing.
Investors who purchased shares of Columbia Sportswear Company (NASDAQ: COLM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Columbia Sportswear directors breached their fiduciary duties and caused damage to the company and its shareholders.
Portland, OR based Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada.
On October 29, 2020, Columbia Sportswear Company announced its third quarter 2020 financial results in a press release. Therein, Columbia Sportswear Company stated that net sales declined 23% year-over-year partly due to “approximately $45 million of Fall 2020 shipments shifting into fourth quarter 2020.”
Shares of Columbia Sportswear Company (NASDAQ: COLM) declined from $99.23 per share on October 23, 2020 to $73.11 per share on October 30, 2020.
Those who purchased shares of Columbia Sportswear Company (NASDAQ: COLM) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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