Columbia Sportswear Company Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Columbia Sportswear Company (“Columbia Sportswear” or the “Company”) (NASDAQ: COLM). The investigation focuses on the Company’s possible violations of federal securities laws.
On October 29, 2020, Columbia Sportswear 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, the Company’s share price fell from $96.27 per share to close at $74.59 per share on October 30, 2020, a drop of $21.68 per share, or 22.5%.
If you purchased or otherwise acquired Columbia Sportswear securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.