Legal Notice for Capri Holdings Shareholders: Class Action Update
Important Update for Capri Holdings Limited Shareholders
On a recent day in New Orleans, former Louisiana Attorney General Charles C. Foti, Jr., through his firm Kahn Swick & Foti, LLC (KSF), announced a crucial reminder for shareholders of Capri Holdings Limited. If you have experienced losses exceeding $100,000, this information is especially relevant to you.
Class Action Lawsuit Details
The firm wants to ensure that investors are aware they can submit lead plaintiff applications in a class action lawsuit against Capri Holdings Limited (CPRI). The deadline for these applications is approaching, so it is important to act promptly.
Eligibility for Filing
You might be eligible if you purchased Capri shares or sold puts between August 10, 2023, and October 24, 2024. This is part of the class period in which the lawsuit was filed.
Contact KSF for Assistance
Anyone impacted by these conditions can reach out to KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email, without any cost or obligation. This is an opportunity for shareholders to understand their legal rights and explore the potential for recovering economic losses.
Charges Against Capri Holdings
The lawsuit outlines serious allegations against Capri Holdings and its executives. They are accused of failing to disclose critical information which is considered a violation of federal securities laws.
The Background of the Case
On August 10, 2023, Capri announced a merger agreement with Tapestry, Inc., proposing to acquire Capri for $57 per share in cash. However, this acquisition faced hurdles when, on October 24, 2024, a federal judge supported the Federal Trade Commission's motion to block the acquisition, highlighting that evidence pointed towards the brands competing strongly in an 'accessible luxury handbag market'. Following this, Capri's stock price notably declined.
Understanding Kahn Swick & Foti, LLC
KSF is a significant player in securities litigation. Led by former Attorney General Charles C. Foti, Jr., the firm represents a diverse clientele, including hedge funds, money managers, and retail investors, seeking redress for losses incurred due to corporate misconduct.
Nationwide Presence
With offices spread across key locations such as New York, California, and New Jersey, KSF is well-positioned to help investors recover their investments through legal channels.
Important Next Steps for Investors
If you believe you fit the criteria mentioned earlier, ensure that you act before the February deadline. Filing as a lead plaintiff is a significant step to advocate for your interests and those of fellow shareholders who may be adversely affected by the alleged misconduct.
Frequently Asked Questions
What should I do if I invested in Capri Holdings?
If you invested and suffered significant losses, consider contacting KSF to learn about your rights and possible legal actions.
When is the lead plaintiff application deadline?
The deadline to file applications is February 21, 2025.
Is there a cost to consult with KSF?
No, contacting KSF is free of charge, and you are not obligated to proceed with legal action unless you choose to do so.
What are the main allegations against Capri Holdings?
The lawsuit claims that Capri and its executives failed to disclose crucial information, thus violating federal securities laws.
Where can I learn more about KSF?
Visit KSF's official website for more details about their services and how they can assist you with potential claims.
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