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]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Capri Holdings Limited regarding a class action lawsuit related to misleading statements and omissions during a specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from August 10, 2023, to October 24, 2024 [2]. - Allegations include that Capri and Tapestry failed to disclose that the accessible luxury handbag market is a distinct market and that they maintained separate production facilities for this market compared to luxury or mass market handbags [2]. - The lawsuit claims that the acquisition of Capri by Tapestry aimed to consolidate brands within the accessible luxury handbag market to reduce competition and increase prices [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by February 21, 2025, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].

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 defendants made false and misleading statements about the distinct nature of the accessible luxury handbag market and its production facilities compared to luxury and mass market handbags [5]. - It is alleged that Capri and Tapestry, Inc. 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 the internal rationale for Tapestry's failed acquisition attempt of Capri was to consolidate brands within the accessible luxury handbag market, which would reduce competition and increase prices [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 participate in the class action, investors can submit their information through the provided link or contact the law firm directly [3][6]. - A lead plaintiff must be appointed by February 21, 2025, to represent other class members in the litigation [3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited, representing investors who purchased securities between August 10, 2023, and October 24, 2024, alleging false and misleading statements by the company [1][3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Capri and Tapestry, Inc. failed to disclose that the accessible luxury handbag market is a distinct segment within the overall handbag industry [3]. - It is alleged that Capri and Tapestry maintained separate production facilities and supply chains for their accessible luxury handbags, confirming the distinct nature of this market [3]. - The lawsuit states that Capri and Tapestry viewed Coach and Michael Kors as their closest competitors, while not considering their brands to be in direct competition with luxury or mass-market handbags [3]. - A primary reason for Tapestry's failed acquisition attempt of Capri was to consolidate brands in the accessible luxury handbag market, aiming to reduce competition and increase prices and profit margins [3]. - The likelihood of adverse regulatory actions regarding the Capri Acquisition was reportedly higher than what the defendants had represented, leading to investor damages when this information became public [3]. Group 2: Investor Actions - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for pursuing claims to recover losses [2][4]. - Investors have until February 21, 2025, to file a lead plaintiff motion in the class action lawsuit [1].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Capri Holdings Limited regarding a class action lawsuit related to misleading statements and omissions during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from August 10, 2023, to October 24, 2024, defendants made materially false and misleading statements about the accessible luxury handbag market [3]. - It is claimed that 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 [3]. - The internal competition perception between Capri and Tapestry's brands, specifically Coach and Michael Kors, is highlighted, indicating they were seen as direct competitors, while not competing with luxury or mass market handbags [3]. - The acquisition of Capri by Tapestry was primarily aimed at consolidating brands within the accessible luxury handbag market to reduce competition and increase profit margins [3]. - The risk of regulatory actions or the acquisition being blocked was allegedly higher than what was represented by the defendants [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of CPRI during the class period are encouraged to register for the class action by February 21, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

NEW YORK, Jan. 07, 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 ...