Capri (US:CPRI) Prnewswireยท2025-02-20 16:09Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Capri Holdings Limited due to allegations of violations of federal securities laws, particularly concerning misleading statements about the accessible luxury handbag market and the implications of the Capri acquisition [2][4]. Group 1: Legal Proceedings and Allegations - The complaint alleges that Capri and its executives made false and misleading statements regarding the distinct nature of the accessible luxury handbag market and its competition with other market segments [4]. - The lawsuit claims that the internal rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market, thereby reducing competition and increasing prices [4]. - Following a court ruling on October 24, 2024, the U.S. Federal Trade Commission's motion to preliminarily enjoin the Capri acquisition was granted, leading to a nearly 50% drop in Capri's stock price [5]. Group 2: Investor Information and Actions - Investors who suffered losses exceeding $50,000 in Capri between August 10, 2023, and October 24, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Capri is February 21, 2025 [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Capri's conduct [7].