NEW
YORK, Jan. 2, 2025 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Capri
Holdings Limited (NYSE: CPRI).
Shareholders who purchased shares of CPRI during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/capri-holdings-loss-submission-form/?id=119695&from=4
CLASS PERIOD: August 10,
2023 to October 24, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a) the
accessible luxury handbag market is a distinct and well-defined
market within the overall handbag market and understood as such by
the Individual defendants, as well as by other Capri and Tapestry
executives; (b) Capri and Tapestry maintained analogous production
facilities and supply chains for their accessible luxury handbags
that were distinct from the production facilities and supply chains
used to manufacture luxury or mass market handbags, confirming that
the accessible luxury handbag market is distinct from the mass
market and luxury handbag markets; (c) Capri and Tapestry
internally considered Coach and Michael Kors to be each other's
closest and most direct competitors; (d) conversely, Capri and
Tapestry did not internally consider their handbag brands to be in
direct competition with luxury handbags or mass market handbags;
(e) a primary internal rationale for the Capri Acquisition, the
acquisition of Capri by Tapestry, was to consolidate prevalent
brands within the accessible luxury handbag market so as to reduce
competition, increase prices, improve profit margins, and reduce
consumer choice within that market; and (f) as a result of (a)-(e)
above, the risk of adverse regulatory actions and/or the Capri
Acquisition being blocked was materially higher than represented by
defendants.
DEADLINE: February 21, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/capri-holdings-loss-submission-form/?id=119695&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CPRI during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 21, 2025. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm