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Sign InLakeland Industries (NASDAQ: LAKE) shares plummeted 38.97% following the withdrawal of its financial guidance and its failure to meet an EBITDA target of $18 million, reporting only $17.4 million. The legal situation has now escalated with the formal filing of a class action lawsuit against the company. Law firm Bragar Eagel & Squire, P.C. is actively encouraging affected investors to join the litigation, alongside ongoing investigations by Levi & Korsinsky, LLP into potential securities law violations. This marks a significant intensification of pressure on the company, which has missed analyst consensus estimates for five consecutive quarters. Investor confidence remains severely compromised as the firm faces both operational hurdles and mounting legal challenges.