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By doing this, the board of directors appears "to have violated its fiduciary obligations and damaged the company and its shareholders," the plaintiffs contend in the lawsuit. The fund said it wrote Lululemon seeking permission to inspect minutes of the company's board of directors' meetings, among other documents, but its request went unanswered. A call to Vancouver, British Colombia-based Lululemon was not immediately returned late Friday afternoon. Shares in the company ended regular trading down 52 cents at $76.36. The stock added 22 cents to $76.58 in after-hours trading. They are essentially unchanged this year.
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