NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Capri Holdings Limited (NYSE: CPRI), Tapestry, Inc., and certain of Capri and Tapestry’s senior executives for potential violations of the federal securities laws. If you invested in Capri, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/capri-holdings-limited. Investors have until February 21, 2025, to ...

NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Capri Holdings Limited ("Capri Holdings" or the "Company") (NYSE: CPRI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Capri Holdings investors who were adversely affected by alleged securities fraud between August 10, 2023 and October 24, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/capri-holdings ...

Class Action Lawsuit Against Capri Holdings Limited - A class action lawsuit has been filed on behalf of shareholders who purchased or sold Capri Holdings Limited (NYSE: CPRI) stock between August 10, 2023, and October 24, 2024 [4] - Shareholders who wish to serve as lead plaintiff must submit their application by February 21, 2025 [1] - The lawsuit alleges that Capri Holdings misled investors regarding the viability of its acquisition by Tapestry, Inc [5] Allegations in the Complaint - The complaint alleges that Capri and Tapestry failed to disclose key information about the accessible luxury handbag market, including its distinct nature and competitive dynamics [7] - Capri and Tapestry internally considered Coach and Michael Kors to be each other's closest competitors, but did not consider their brands to be in direct competition with luxury or mass market handbags [7] - The primary rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market, reduce competition, increase prices, and improve profit margins [7] FTC Intervention and Stock Price Impact - On April 22, 2024, the FTC filed an action to block the Capri acquisition, alleging it would eliminate competition between Kate Spade, Coach, and Michael Kors [6] - The FTC successfully blocked the acquisition on October 24, 2024, causing Capri's stock price to fall to $21 26 per share, a nearly 50% decline [6] Legal Representation and Shareholder Recovery - Robbins LLP is representing shareholders on a contingency fee basis, meaning shareholders pay no fees or expenses [8] - Robbins LLP has a track record of recovering over $1 billion for shareholders since its inception in 2002 [8]

Analyst Background - The analyst has experience as an investment analyst for a major BB-Bank and as a private equity consultant for MBB [2] - The analyst is currently working towards the CFA charter, having completed levels I and II [2] - The analyst has a passion for risk-assets, including growth, contrarian, and emerging market investments [2] Disclosure and Position - The analyst has no stock, option, or similar derivative position in any of the companies mentioned [2] - The analyst has no plans to initiate any such positions within the next 72 hours [2] - The analyst wrote the article themselves, expressing their own opinions [2] - The analyst is not receiving compensation for the article other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2]

NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Capri Holdings Limited ("Capri Holdings" or the "Company") (NYSE: CPRI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Capri Holdings investors who were adversely affected by alleged securities fraud between August 10, 2023 and October 24, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/capri-ho ...

NEW YORK, Jan. 13, 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=121998&from=4CLASS PERIOD: August 10, 2023 t ...

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited for alleged misleading statements and failure to disclose critical information regarding the accessible luxury handbag market during the specified Class Period from August 10, 2023, to October 24, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Capri Holdings and Tapestry, Inc. did not disclose that the accessible luxury handbag market is a distinct market, and they maintained separate production facilities and supply chains for their products [5]. - It is alleged that Capri and Tapestry viewed each other as direct competitors, while not considering their brands in direct competition with luxury or mass market handbags [5]. - The lawsuit also states that Tapestry's failed acquisition attempt of Capri was aimed at consolidating brands within the accessible luxury handbag market to reduce competition and increase prices, which heightened the risk of regulatory actions [5]. Group 2: Investor Information - Investors who purchased Capri Holdings securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6].

Core Viewpoint - Investors in Capri Holdings Limited have the opportunity to lead a securities fraud class action lawsuit due to alleged undisclosed information regarding the company's market positioning and competitive landscape [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from August 10, 2023, to October 24, 2024, Capri Holdings and its executives failed to disclose critical information about the accessible luxury handbag market, which is distinct from the overall handbag market [2]. - Specific allegations include the failure to acknowledge that Capri and Tapestry maintained separate production facilities and supply chains for accessible luxury handbags, differentiating them from luxury and mass market handbags [2]. - The complaint states that Capri and Tapestry viewed Coach and Michael Kors as their closest competitors, while not considering their brands in direct competition with luxury or mass market handbags [2]. - It is claimed that a primary reason for the Capri Acquisition was to consolidate brands within the accessible luxury handbag market to reduce competition, increase prices, and improve profit margins [2]. - The lawsuit also asserts that the risk of regulatory actions against the Capri Acquisition was higher than represented, leading to misleading positive statements about the company's business and prospects [2].

Core Viewpoint - A class action securities lawsuit has been filed against Capri Holdings, alleging securities fraud that affected investors between August 10, 2023, and October 24, 2024 [1] Group 1: Lawsuit Details - The lawsuit claims that Capri Holdings and Tapestry made false statements regarding the accessible luxury handbag market, asserting it is a distinct market within the overall handbag market [1] - It is alleged that Capri and Tapestry maintained separate production facilities and supply chains for their accessible luxury handbags, differentiating them from luxury and mass market handbags [1] - The complaint states that Capri and Tapestry viewed Coach and Michael Kors as their closest competitors, while not considering their brands in direct competition with luxury or mass market handbags [1] - The lawsuit argues that a primary reason for the acquisition of Capri by Tapestry was to consolidate brands within the accessible luxury handbag market, aiming to reduce competition and increase prices [1] - As a result of these actions, the risk of regulatory actions or the acquisition being blocked was higher than what was represented by the defendants [1] Group 2: Next Steps for Investors - Investors who suffered losses in Capri Holdings during the specified timeframe have until February 21, 2025, to request to be appointed as lead plaintiff [2] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [2] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [3] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [3]

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited, alleging that the company misled investors regarding the viability of its acquisition by Tapestry, Inc. [1][2] Group 1: Acquisition Details - Capri and Tapestry announced a merger agreement on August 10, 2023, with Tapestry set to purchase Capri for $57 per share in cash [2] - On October 25, 2023, Capri's shareholders voted to approve the merger agreement [2] Group 2: Regulatory Challenges - The FTC filed an action on April 22, 2024, to block the acquisition, claiming it would eliminate competition between brands like Kate Spade, Coach, and Michael Kors [3] - The acquisition was ultimately blocked by the FTC on October 24, 2024, leading to a nearly 50% drop in Capri's stock price to $21.26 per share [3] Group 3: Allegations of Misleading Information - The complaint alleges that Capri and Tapestry failed to disclose that the accessible luxury handbag market is a distinct market and that they considered Coach and Michael Kors as their closest competitors [4] - It is claimed that the internal rationale for the acquisition was to consolidate brands within the accessible luxury handbag market to reduce competition and increase prices [4] - The risk of regulatory actions and the acquisition being blocked was allegedly higher than what was represented to investors [4]