Investors Urged by Former AG to Join Class Action Against Capri Holdings Amid Significant Losses

Investors Alert Regarding Capri Holdings' Class Action Lawsuit

Former Louisiana Attorney General Charles C. Foti, Jr., alongside Kahn Swick & Foti, LLC (KSF), has announced an urgent call to investors who may have experienced losses exceeding $100,000 in their securities of Capri Holdings Limited (NYSE: CPRI). The legal firm has set February 21, 2025, as the deadline for potential lead plaintiffs in a class action lawsuit targeting alleged securities violations by Capri and its executive team.

The Background of the Case

The lawsuit stems from a period when Capri Holdings, a fashion luxury house, failed to disclose crucial information about its operations during the specified Class Period, which runs from August 10, 2023, to October 24, 2024. The case is being processed in the United States District Court for the District of Delaware.

On August 10, 2023, Capri Holdings entered into a merger agreement with Tapestry, Inc., proposing a cash sale of $57 per share. However, on October 24, 2024, the acquisition faced scrutiny when U.S. District Court Judge Jennifer L. Rochon approved the Federal Trade Commission's (FTC) motion to halt the merger, indicating evidence that the companies’ brands were in direct competition within a defined market. This adverse development led to a dramatic fall in Capri's stock prices, which plummeted nearly 50%, significantly impacting investors.

What Investors Can Do

Investors who bought shares or sold puts related to Capri during the critical timeline are encouraged to take immediate action. Those interested in serving as lead plaintiffs in this class action should reach out for legal counsel and further information. KSF is offering free consultations without any obligations for affected investors to discuss their legal rights and potential recovery avenues.

Interested parties can contact KSF Managing Partner Lewis Kahn by calling 1-877-515-1850 or sending an email to email protected]. They can also find more details on how to participate in this lawsuit at [ksfcounsel.com.

Expert Legal Representation

Kahn Swick & Foti is recognized as a leading boutique law firm specializing in securities litigation. With a commitment to advocating for the rights of investors, KSF's team works to pursue recoveries for losses resulting from corporate wrongdoing. The firm has established offices in several major cities, including New York, Delaware, and California, and continues to be a reliable resource for individual and institutional investors alike.

For those affected by the actions of Capri Holdings, this class action lawsuit represents a critical opportunity to reclaim losses suffered due to the company's alleged infringement of federal securities laws. Pressing legal action can lead to significant financial recoveries provided that investors act promptly before the upcoming deadline.

For further inquiries or to initiate discussion about participation in this case, contact KSF at their New Orleans office or visit their website for additional guidance on the process. Given the financial stakes involved, all concerned investors are urged not to delay in asserting their rights amid the escalating legal proceedings surrounding Capri Holdings Limited.