LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Columbia Sportswear Company (“Columbia Sportswear” or the “Company”) (NASDAQ: COLM) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On October 29, 2020, the Company announced its third quarter 2020 financial results in a press release. Therein, the 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.”
On this news, Columbia Sportswear’s share price fell $21.68, or 23%, to close at $74.59 per share on October 30, 2020.
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If you purchased Columbia Sportswear securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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