Lead Plaintiff Deadline is Approaching - Act Now

Capri Holdings Ltd® Class Action

Hurwitz v. Capri Holdings Limited et al.

Capri Holdings Ltd

NASDAQ: CPRI

Class Period : 08/10/2023 - 10/24/2024

Lead Plaintiff Motion Deadline: 2/21/2025

Alleged Misstatements and Omissions
The Capri Holdings class action lawsuit alleges that the company misled investors by making false and/or misleading statements and failing to disclose critical information regarding its merger with Tapestry. Specific claims include:

  • Distinct Market Segmentation: The lawsuit claims that Capri and Tapestry executives knew the accessible luxury handbag market was a separate and well-defined segment within the broader handbag market.
  • Separate Production Facilities: Capri and Tapestry maintained distinct production facilities and supply chains for their accessible luxury handbags, separate from those used for luxury or mass-market handbags.
  • Competitor Status: The companies internally regarded Coach and Michael Kors as direct competitors while not considering their handbag brands as direct competition to luxury or mass-market handbags.
  • Merger Motive: The lawsuit further alleges that the real reason behind the acquisition was to reduce competition within the accessible luxury handbag market, raise prices, and improve profit margins at the expense of consumer choice.
  • Higher Regulatory Risk: The lawsuit argues that the risk of regulatory opposition to the acquisition was much higher than the defendants had suggested due to the potential antitrust concerns raised by consolidating competing brands.

These omissions and misleading statements misrepresented the true motivations behind the merger and downplayed significant risks.

Effects on Stock Prices
On October 24, 2024, the U.S. Federal Trade Commission (FTC) successfully obtained a preliminary injunction to block the Capri acquisition, citing substantial evidence that the companies were direct competitors within the accessible luxury handbag market. This ruling contradicted the companies' public statements, leading to significant market repercussions.

As a result:

  • Share Price Decline: Capri's stock price fell nearly 50%, reflecting the negative impact of the legal action and the uncertainty surrounding the merger.
  • Investor Impact: Shareholders experienced significant financial losses as the merger's future became uncertain.

Legal Rights for Affected Shareholders
Investors who purchased Capri stock before October 24, 2024, and suffered financial losses may have legal grounds to pursue compensation. The lawsuit claims that the defendants misrepresented key aspects of the merger and concealed material risks.

By joining the class action, affected investors can:

  • Seek compensation for their losses linked to Capri stock.
  • Hold the company accountable for its misleading statements and lack of transparency.
  • Demand better corporate governance and transparency in business dealings.

If you purchased Capri shares and experienced losses, you may be eligible to participate in the case.

Take Action Today
Don’t delay—protect your legal rights and explore your options now. Contact experienced securities fraud attorneys who can guide you through the complexities of class action cases. By acting swiftly, you can ensure that your claim is filed within the legal deadlines.

Joining the Capri class action allows you to stand with other affected investors, seeking justice and fair compensation. Time is critical, so take action today to protect your rights.

iStock-11

DiCello Levitt Fights to Protect Shareholder Rights  

At DiCello Levitt, we defend shareholders like you against deceptive corporate practices. With a proven track record in class action lawsuits, we will work tirelessly to secure the compensation you deserve.  

Here's how we can help:  

  1. Conduct a thorough investigation into your claims.  
  2. Build a strong case to hold Capri Holdings Limited® accountable.  
  3. Pursue maximum compensation for your financial losses.  

You don't have to face this fight alone. Contact DiCello Levitt today for a free, private case evaluation. Together, we'll explore your legal options and assess your potential compensation. Take action now to protect your rights and reclaim what you've lost.  

All victims affected by Capri Holdings Limited®'s alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Capri Holdings Ltd® Class Action

Hurwitz v. Capri Holdings Limited et al.

Capri Holdings Ltd

NASDAQ: CPRI

Class Period : 08/10/2023 - 10/24/2024

Lead Plaintiff Motion Deadline: 2/21/2025

Alleged Misstatements and Omissions
The Capri Holdings class action lawsuit alleges that the company misled investors by making false and/or misleading statements and failing to disclose critical information regarding its merger with Tapestry. Specific claims include:

  • Distinct Market Segmentation: The lawsuit claims that Capri and Tapestry executives knew the accessible luxury handbag market was a separate and well-defined segment within the broader handbag market.
  • Separate Production Facilities: Capri and Tapestry maintained distinct production facilities and supply chains for their accessible luxury handbags, separate from those used for luxury or mass-market handbags.
  • Competitor Status: The companies internally regarded Coach and Michael Kors as direct competitors while not considering their handbag brands as direct competition to luxury or mass-market handbags.
  • Merger Motive: The lawsuit further alleges that the real reason behind the acquisition was to reduce competition within the accessible luxury handbag market, raise prices, and improve profit margins at the expense of consumer choice.
  • Higher Regulatory Risk: The lawsuit argues that the risk of regulatory opposition to the acquisition was much higher than the defendants had suggested due to the potential antitrust concerns raised by consolidating competing brands.

These omissions and misleading statements misrepresented the true motivations behind the merger and downplayed significant risks.

Effects on Stock Prices
On October 24, 2024, the U.S. Federal Trade Commission (FTC) successfully obtained a preliminary injunction to block the Capri acquisition, citing substantial evidence that the companies were direct competitors within the accessible luxury handbag market. This ruling contradicted the companies' public statements, leading to significant market repercussions.

As a result:

  • Share Price Decline: Capri's stock price fell nearly 50%, reflecting the negative impact of the legal action and the uncertainty surrounding the merger.
  • Investor Impact: Shareholders experienced significant financial losses as the merger's future became uncertain.

Legal Rights for Affected Shareholders
Investors who purchased Capri stock before October 24, 2024, and suffered financial losses may have legal grounds to pursue compensation. The lawsuit claims that the defendants misrepresented key aspects of the merger and concealed material risks.

By joining the class action, affected investors can:

  • Seek compensation for their losses linked to Capri stock.
  • Hold the company accountable for its misleading statements and lack of transparency.
  • Demand better corporate governance and transparency in business dealings.

If you purchased Capri shares and experienced losses, you may be eligible to participate in the case.

Take Action Today
Don’t delay—protect your legal rights and explore your options now. Contact experienced securities fraud attorneys who can guide you through the complexities of class action cases. By acting swiftly, you can ensure that your claim is filed within the legal deadlines.

Joining the Capri class action allows you to stand with other affected investors, seeking justice and fair compensation. Time is critical, so take action today to protect your rights.

iStock-11

DiCello Levitt Fights to Protect Shareholder Rights  

At DiCello Levitt, we defend shareholders like you against deceptive corporate practices. With a proven track record in class action lawsuits, we will work tirelessly to secure the compensation you deserve.  

Here's how we can help:  

  1. Conduct a thorough investigation into your claims.  
  2. Build a strong case to hold Capri Holdings Limited® accountable.  
  3. Pursue maximum compensation for your financial losses.  

You don't have to face this fight alone. Contact DiCello Levitt today for a free, private case evaluation. Together, we'll explore your legal options and assess your potential compensation. Take action now to protect your rights and reclaim what you've lost.  

All victims affected by Capri Holdings Limited®'s alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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Capri Holdings Limited® Investors may have grounds to pursue legal action and financial recovery of damages.

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