Capri (CPRI) Prnewswire·2025-01-09 10:45Core 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].