New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, announced the filing of a class action lawsuit for those who bought stock or sold puts in Capri Holdings Limited (NYSE: NYSE 🙂 between August 10, 2023 and October 24, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has been filed. If you want to serve as the lead plaintiff, you must move the Court no later than February 21, 2025.

WHATEVER: If you purchased Capri Holdings securities during the Class Period you may be entitled to compensation free of any out-of-pocket fees or expenses through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Capri Holdings class action, go to https://rosenlegal.com/submit-form/?case_id=33109 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for class action information. A class action lawsuit has been filed. If you want to serve as the lead plaintiff, you must move the Court no later than February 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in the conduct of litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, the companies issuing the notices don’t have the same experience, resources, or any meaningful peer recognition. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm achieved the largest securities class action settlement against a Chinese Company at that time. The Rosen Law Firm is ranked No. 1 in the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the company earned over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, throughout the Class Period, the defendants made false and misleading statements and/or failed to disclose that: (1) the accessible luxury handbag market is a distinct and well-defined market within general handbag market and was understood as such by the individual defendants, as well as other executives of Capri and Tapestry (NYSE:), Inc. (“Tapestry”); (2) Capri and Tapestry maintain similar production facilities and supply chains for their accessible luxury handbags that differ from the production facilities and supply chains used to manufacture luxury handbags or mass market, proving that the accessible luxury handbag market is different from the mass market. and luxury handbag markets; (3) Capri and Tapestry considered internally Coach and Michael Kors to be each other’s closest and most direct competitors; (4) in contrast, Capri and Tapestry do not consider their handbag brands to compete directly with luxury handbags or mass market handbags; (5) a primary internal rationale for Tapestry’s failed attempt to acquire Capri (“the Capri Acquisition”) was to consolidate widespread brands within the accessible luxury handbag market in order to reduce competition , raising prices, improving profits, and reducing consumer choice within that market; and (6) as a result, the risk of adverse regulatory actions and/or the Capri Acquisition being blocked is higher than represented by the defendants. When the true details entered the market, the lawsuit claims that investors suffered damage.

To join the Capri Holdings class action, go to https://rosenlegal.com/submit-form/?case_id=33109 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for class action information.

No Class Verified. Until a class is certified, you are not represented by counsel unless you hold one. You can choose the advice you want. You can also stay out of class and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as the lead plaintiff.

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To view the original version of this press release, please visit https://www.newsfilecorp.com/release/236821