#United States #New York #Levi & Korsinsky #Capri Holdings #CPRI

Upcoming Class Action Against Capri Holdings

Levi & Korsinsky LLP is reaching out to investors of Capri Holdings Limited to inform them about a significant class action lawsuit that is currently pending. Capri Holdings, which trades under the ticker symbol CPRI on the NYSE, is facing legal challenges related to alleged securities fraud that may have adversely impacted investors between August 10, 2023, and October 24, 2024.

What is the Class Action About?

The class action aims to recover losses for investors who believe they were misled due to false statements made by the defendants. According to the allegations, the lawsuit details that the defendants misrepresented key aspects of Capri Holdings’ market dynamics, particularly regarding the accessible luxury handbag sector. Specific claims include:

• - The accessible luxury handbag market is distinctly recognized as separate from broader luxury and mass market handbag sectors.
• - Capri Holdings and Tapestry have similar production and supply chains for their accessible luxury handbags, differing completely from those used for other market categories.
• - Internally, the companies viewed brands such as Coach and Michael Kors as direct competitors, while they failed to acknowledge their competition with other luxury labels.
• - A significant motive behind the acquisition of Capri Holdings by Tapestry was to streamline brand offerings within the accessible luxury market, reducing competition in a way that would potentially harm consumer interests and inflate prices.

These facts, if substantiated, suggest that investors were not informed of the risks related to regulatory scrutiny that could arise from the acquisition and subsequent operational strategies.

Key Dates and Action Steps

For those who suffered losses during the specified period, it is crucial to act swiftly as the deadline to submit a request to become the lead plaintiff is set for February 21, 2025. Even if you do not wish to take the lead role, participation in the class action is still possible, which may allow you to recover some of the damages incurred without any upfront costs.

Legal Support from Levi & Korsinsky

With a robust track record of securing substantial settlements for investors over the last two decades, Levi & Korsinsky boasts a team of over 70 professionals, specializing in securities litigation. They have consistently ranked among the top firms in the United States for their success in handling high-stakes class actions.

Prospective class members seeking more details are advised to reach out to Joseph E. Levi, Esq., by email or phone, or access further information through their website. The firm assures no out-of-pocket expenses for class participants.

Conclusion

As the deadline for potential claimants looms closer, all investors in Capri Holdings Limited should take this notification seriously and consider their options regarding participation in the class action. This may be an opportunity to seek reparation for losses sustained during a turbulent period for the company's stock performance. For more information and guidance, reach out to Levi & Korsinsky today.

For additional inquiries regarding the lawsuit or legal representation, contact Levi & Korsinsky at:

• - Email: info@zlk.com
• - Phone: (212) 363-7500
• - Website: www.zlk.com