INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Capri Holdings Limited of Class Action Lawsuit and Upcoming Deadlines - CPRI

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Capri Holdings Limited regarding potential securities fraud or unlawful business practices by the company and its officers [1] - Capri announced a merger agreement with Tapestry, Inc. on August 10, 2023, where Tapestry would acquire Capri for $57 per share in cash [2] - On November 6, 2023, both companies received a request for additional information from the FTC related to the antitrust review of the acquisition, leading to a decline in Capri's stock price from $50.66 to $48.82 [3] Group 2 - Concerns arose in April 2024 when FTC Bureau of Competition Director Henry Liu's comments suggested the Capri Acquisition might be an enforcement target, causing Capri's stock to drop from $44.03 to $39.31 [4][5] - The FTC filed a lawsuit on April 22, 2024, to block the acquisition, claiming it would eliminate competition in the accessible luxury handbag market, resulting in a decline in Capri's stock from $37.96 to $34.81 [6] - On October 24, 2024, a federal judge granted the FTC's motion to preliminarily enjoin the acquisition, causing Capri's stock to plummet from $41.60 to $21.26, nearly a 50% decline [7]