Lululemon Athletica Inc has been hit with a U.S. lawsuit accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly recall, and concealing talks that led to the sudden departure of its chief executive.
Yoga-clothing maker Lululemon was forced to recall its popular black yoga pants from stores after a number of customers complained the pants' fabric was too sheer. Here to discuss is HuffPost Business Reporter Caroline Fairchild.