NEW YORK, NY - March 3, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Lakeland Industries, Inc. ("Lakeland" or the "Company") (NASDAQ: LAKE) on behalf of investors that purchased or otherwise acquired Lakeland securities between December 1, 2023 and December 9, 2025 (the "Class Period").

CLICK HERE TO JOIN THE CASE

If you are an investor in Lakeland and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (212) 329-8571.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than April 24, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On December 9, 2025, after markets closed, Lakeland issued a press release entitled "Lakeland Fire + Safety Reports Fiscal Third Quarter 2026 Financial Results." The Company reported "net sales of $47.6 million for Q3 2026, with adjusted EBITDA, excluding FX, at $200,000-a decrease of $4.5 million or 95% compared with the prior year period." Lakeland also disclosed it would be "withdrawing [] previously issued financial guidance for FY2026 and will not be providing financial guidance going forward."

According to the complaint, "following the onset of tariff-related market uncertainties in 2025, Defendants consistently represented that the Company was well positioned to weather the tariff-related headwinds while continuing to pursue its SSQ M&A strategy." The complaint further alleges that "throughout the Class Period, notwithstanding tariff-related headwinds, Defendants made repeated assurances regarding their visibility into Lakeland's future performance in upcoming quarters, consistently expressing confidence in their financial guidance issued to investors."

Following this news, the price of Lakeland stock declined from a closing price on December 9, 2025 of $15.01 to close at $9.16 per share on December 10, 2025, a decline of $5.85 per share, or by 38.97%.

The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Defendants (i) Lakeland was experiencing significant, sustained issues with its Pacific Helmets and Jolly businesses, including, inter alia, shipping-related delays, production issues, and slower than expected rollout of new products; (ii) accordingly, Defendants overstated the anticipated and actual positive impact of these businesses on Lakeland's financial results, as well as the overall strength and quality of Pacific Helmets' and Jolly's respective operations; (iii) Lakeland's business and financial results were significantly deteriorating because of, inter alia, tariff-related headwinds and timing, certification delays, and material flow issues in its acquired businesses; (iv) accordingly, Defendants overstated the strength of their tariff mitigation measures and SSQ M&A strategy; (v) as a result of all the foregoing issues, Defendants' financial guidance was unreliable; and (vi) as a result, Defendants' public statements were materially false and misleading at all relevant times.

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If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
[email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
[email protected]

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

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