New York, New York–(Newsfile Corp. – January 11, 2025)– Why: Rosen Law Firm, a global investor rights law firm, announces that a class action lawsuit has been filed on behalf of purchasers or sellers of shares of Capri Holdings Limited (NYSE: NYSE:) between August 10, 2023 and October 24, 2024, both dates inclusive (the “Class Period “). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than February 21, 2025.
so what: If you purchase Capri Holdings securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Capri Holdings class action, go to https://rosenlegal.com/submit-form/?case_id=33109 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than February 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm has been ranked #1 in the ISS Securities Class category an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the accessible luxury handbag market is a distinct, well-defined market within the overall handbag market and is understood at As such by the individual defendants, as well as other executives of Capri and Tapestry (NYSE:), Inc. (“Tapestry”); (2) Capri and Tapestry maintained similar production facilities and supply chains for accessible luxury handbags that were distinct from the production facilities and supply chains used to manufacture luxury handbags or mass-market handbags, confirming that the accessible luxury handbag market Different from the mass market and luxury handbag markets; (3) Capri and Tapestry are internal trainer and Michael Kors are each other's closest and most direct competitors; (4) Conversely, Capri and Tapestry did not consider their handbag brands to compete directly with luxury handbags or mass-market handbags; (5) The primary internal rationale for Tapestry's failed attempt to acquire Capri (the “Capri Acquisition”) was to consolidate mainstream brands into the accessible luxury handbag market in order to reduce competition, increase prices, improve profit margins, and reduce selection Consumer within the market. that market; and (6) as a result, the risk of adverse regulatory action and/or blocking of the Capri Acquisition was materially higher than that represented by Defendants. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the Capri Holdings class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=33109 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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