Former Lakeland CFO Roger Shannon Sued for Securities Fraud Over Financial Misstatements

Roger Shannon, former CFO of Lakeland Industries, is named as a defendant in a securities class action filed on behalf of shareholders who purchased securities between December 1, 2023 and December 9, 2025. Shannon allegedly oversaw financial projections that were unreliable, and his termination was disclosed on the same day the company reported Q3 FY2026 results that missed revenue consensus estimates. The lead plaintiff deadline is April 24, 2026.