Capri (CPRI) Prnewswire·2025-01-07 23:35Core 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].