LOS ANGELES, Jan. 2, 2025 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Capri Holdings Limited (“Capri” or “the Company”) (NYSE: CPRI) for violations of the federal securities laws.
Shareholders who bought the Company’s securities between August 10, 2023, and October 24, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before February 21, 2025.
CASE DETAILS: According to the complaint, Capri allegedly made false statements to the market regarding a merger with Tapestry on August 10, 2023, which could combine three competing brands: Tapestry’s Coach and Kate Spade and Capri’s Michael Kors brand. A federal judge granted an FTC motion to enjoin the merger on October 24, 2024. The court found that a “substantial body of compelling evidence” demonstrated that, in contrast to their public statements, the Company believed that the three brands were direct competitors in the “accessible luxury handbag market.”
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP
