#United States #New York #Class Action #Gross Law Firm #Capri Holdings

Class Action Lawsuit Notification for Capri Holdings Limited

On January 9, 2025, The Gross Law Firm announced an important notification for shareholders of Capri Holdings Limited (NYSE: CPRI). This notice is particularly relevant for individuals who acquired shares during a specified class period. As part of the announcement, the law firm encourages shareholders who purchased CPRI shares between August 10, 2023, and October 24, 2024, to reach out regarding the possibility of being designated as lead plaintiffs in the ongoing case. It is crucial to note that taking on the role of lead plaintiff is not a prerequisite for participating in any potential recoveries from the lawsuit.

Allegations

The essence of the complaint centers around several critical allegations made against Capri Holdings and its associates, including:

• - Misleading statements and failure to disclose significant facts regarding the accessible luxury handbag market.
• - Internal recognition by Capri and Tapestry of their handbag brands as distinct competitors to each other, rather than being placed in competition with luxury or mass market brands.
• - A specific focus of the complaint is on the internal logic behind the acquisition of Capri by Tapestry, which appears to be aimed at consolidating market competition to enhance profits and limit consumer choices within the accessible luxury handbag industry.

As a result of these allegations, the complaint suggests that the risk of adverse regulatory actions related to the acquisition was misrepresented by management.

Key Dates

Shareholders interested in participating in this legal action should note the upcoming important deadline:

• - February 21, 2025: This date marks the last opportunity to register as a lead plaintiff in this class action lawsuit. Interested parties are encouraged to not delay in registering their information, as this will provide them with ongoing updates during the case’s progression.

Importance of Registration

It is essential for shareholders to register, as they will gain access to a portfolio monitoring system that offers status updates throughout the lifecycle of the class action. This system aims to keep shareholders informed about developments related to the case.

The Gross Law Firm’s Role

The Gross Law Firm, which focuses on protecting the rights of investors, is committed to advocating for those who have suffered losses due to fraudulent actions, misleading statements, and unethical business practices. Their mission encompasses ensuring that companies adhere to responsible operations and prioritize good corporate citizenship.

The firm operates with a significant ethical commitment to recover losses incurred by shareholders, ensuring their interests are represented legally. As part of their commitment, they offer their services without any financial obligation to the investors involved.

For those seeking more information or wanting to register for participation in the Capri Holdings lawsuit, The Gross Law Firm can be reached at:

• - Contact Information:

- Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
- Email: [email protected]
- Phone: (646) 453-8903

This class action serves as a crucial reminder of the rights and protections available to shareholders, reinforcing the importance of staying informed about corporate practices and potential legal actions that may impact their investments.