Contact The Gross Law Firm by February 21, 2025 Deadline to Join Class Action Against Capri Holdings Limited(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 internal competition perception between Coach and Michael Kors was highlighted, indicating that Capri and Tapestry did not view their brands as direct competitors to luxury or mass market handbags [2]. - 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 [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 CPRI during the specified timeframe are encouraged to register for the class action by February 21, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is recognized nationally for class action lawsuits and aims to protect investors from deceit and illegal business practices [4]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].