#USA #Charles C. Foti #New Orleans #Kahn Swick #Capri Holdings

Capri Holdings Shareholder Alert

Former Louisiana Attorney General, Charles C. Foti, Jr., along with Kahn Swick & Foti, LLC (KSF), has issued a crucial reminder to investors regarding an ongoing class action lawsuit against Capri Holdings Limited. If you are an investor who purchased Capri shares or sold options from August 10, 2023, to October 24, 2024, and incurred losses exceeding $100,000, this notice is especially relevant for you.

The deadline to file lead plaintiff applications in this case is set for February 21, 2025. The action focuses on claims that Capri and its executives failed to disclose significant information that affected the stock price, thereby violating federal securities laws.

Background on the Lawsuit

The situation escalated when, on August 10, 2023, Capri Holdings announced a merger agreement with Tapestry, Inc., where Tapestry intended to buy Capri for $57 per share in cash. However, on October 24, 2024, U.S. District Court Judge Jennifer L. Rochon granted the Federal Trade Commission’s request to block this acquisition, citing that there was a sound basis for believing the two companies perceived each other as direct competitors in a tightly defined market, specifically in the luxury handbag sector. Following this significant ruling, Capri's shares plummeted by nearly 50%.

Investors who nonetheless acquired its stock or traded puts during the aforementioned class period must evaluate their positions and consider joining this class action to possibly regain their financial losses.

Legal Rights and Next Steps

Kahn Swick & Foti, LLC offers a free consultation for any interested party concerned about their legal rights and the implications of this case on their investment. Investors are encouraged to reach out to KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at email protected]. For more information, parties can also visit [KSF's official website. Remember, if you wish to be recognized as the lead plaintiff in this case, your application must be submitted to the Court by the stated deadline.

Company Overview

Kahn Swick & Foti, LLC has established a reputation as one of the top boutique securities litigation firms across the United States, working with a diverse clientele—from public institutional investors to retail investors—to recover losses stemming from corporate deception and misconduct. They have multiple offices nationwide, including New York, Delaware, California, and Louisiana.

Investors are urged to act promptly since missing the deadline could forfeit their chance to participate in any recovery from the proceedings. It's essential to understand your rights and options in light of this significant legal matter involving Capri Holdings.