#United States #Class Action #New Orleans #Kahn Swick #Capri Holdings

Capri Holdings Shareholder Alert: A Call to Action for Investors

As we embark on a new year in 2025, investors in Capri Holdings Limited are urged to take immediate action regarding a potential class action lawsuit that may influence their financial future. Kahn Swick & Foti, LLC, a well-respected law firm specializing in securities litigation, alongside its partner Charles C. Foti, Jr., a former Attorney General of Louisiana, is alerting stakeholders regarding the critical lead plaintiff deadline set for February 21, 2025. This is particularly salient for those who incurred losses exceeding $100,000 due to the fluctuating stock performance of Capri Holdings during the identified class period.

Background of the Legal Proceedings

The ongoing class action lawsuit against Capri Holdings arises from accusations that the company and its executives failed to disclose pivotal information that adversely affected the company’s stock prices. During the class period, which ranges from August 10, 2023, to October 24, 2024, a significant event occurred: Capri announced a merger agreement with Tapestry, Inc., which promised shareholders a payout of $57 per share. However, following legal actions to prevent this acquisition, the value of Capri's shares plummeted by almost 50%, leaving investors scrambling for answers.

Judge Jennifer L. Rochon of the U.S. District Court for the Southern District of New York is presiding over this case, titled Hurwitz v. Capri Holdings Limited. The lawsuit contends that Capri’s management misinformed the public about its competitive standing within the accessible luxury handbag market, ultimately leading to misleading statements and lack of transparency about financial projections.

Steps for Affected Investors

Investors who purchased shares of Capri Holdings or sold puts during the specified period must act swiftly. To serve as a lead plaintiff in the class action, it is crucial that they file appropriate applications with the court before the deadline. Those looking for assistance in understanding their rights and the ramifications of these legal proceedings can easily reach out to Kahn Swick & Foti, LLC. The firm offers no-cost consultations to guide clients on the best course of action concerning their investments.

• - Contact Information: Investors can connect with Lewis Kahn, Managing Partner at KSF, at 1-877-515-1850. Alternatively, inquiries can be made via email at [email protected].

For those interested in detailed case information, more can be found on their dedicated page: www.ksfcounsel.com/cases/nyse-cpri/.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is not just a prominent name in securities litigation, but also a firm bolstered by the expertise of its partners, including Charles C. Foti, Jr. With offices strategically located in New York, Delaware, California, Louisiana, Chicago, and New Jersey, the firm plays a pivotal role in representing a variety of clients, including institutional investors and retail shareholders. Their mission revolves around seeking potential recoveries for investors who have been victims of corporate malpractice or fraud.

In conclusion, as the environment for corporate accountability continues to evolve, the class action litigation landscape presents both challenges and opportunities for investors. The situation surrounding Capri Holdings underscores the importance of vigilance and proactive measures in safeguarding one’s investments. Now is the time for those affected to make their voices heard and strive for the compensation they rightfully deserve.