CPRI INVESTOR NOTICE: Capri Holdings Limited Investors are Notified of Upcoming February 21 Class Action Deadline – Contact BFA Law if You Lost Money (NYSE:CPRI)

Core Viewpoint - A lawsuit has been filed against Capri Holdings Limited and Tapestry, Inc. for potential violations of federal securities laws, following the announcement of Tapestry's acquisition of Capri and subsequent antitrust concerns raised by the FTC [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until February 21, 2025, to seek court appointment to lead the case [2]. Group 2: Acquisition Announcement - Capri, a fashion firm owning brands like Michael Kors, announced on August 10, 2023, that Tapestry would acquire it for $57 per share in cash [3]. - Both companies claimed the acquisition would not harm competition and expected antitrust approval [4]. Group 3: FTC Involvement - On April 22, 2024, the FTC sought to block the acquisition due to anticompetitive concerns, which Capri and Tapestry disputed [4]. - The court later granted the FTC's motion for a preliminary injunction, citing internal documents indicating the brands were close competitors [5]. Group 4: Stock Market Reaction - Following the court's decision on October 24, 2024, Capri's stock price plummeted nearly 50%, from $41.60 to $21.26 per share [6].