Shareholders of Capri Holdings Limited Should Contact Levi & Korsinsky Before February 21, 2025 to Discuss Your Rights - CPRI ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Capri Holdings Limited regarding a class action lawsuit alleging misleading statements and omissions related to the accessible luxury handbag market and the acquisition by Tapestry [1][2]. Group 1: Allegations - The complaint claims 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 being distinct from other markets [2]. - It is alleged that Capri and Tapestry maintained separate production facilities and supply chains for their accessible luxury handbags, confirming the market's distinct nature [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]. - A key internal rationale for the acquisition of Capri by Tapestry was to consolidate brands within the accessible luxury handbag market to reduce competition and increase prices [2]. - The risk of regulatory actions or the acquisition being blocked was reportedly higher than what was represented by the defendants [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of Capri during the specified class period are encouraged to register for the class action by February 21, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered due to deceit and illegal business practices, ensuring companies adhere to responsible business practices [4].

Core Viewpoint - The document indicates that there will be exciting changes coming soon, but specific details are not available at this time [1] Summary by Relevant Categories - Company Changes - The company is expected to announce significant updates in the near future, although no specific information is provided at this moment [1]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Capri To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Capri between August 10, 2023 and October 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Jan. 15, 2025 /PRNewswire/ ...

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 ...