Capri Holdings Limited (CPRI) Investors Reminded of Investing.com’s Warrant Action Deadline

PHILADELPHIA, Pennsylvania–( The News File Corp. – Jan. 23, 2025 ) – Berger Montag PC advises investors that the securities class action has been filed. Capri Holdings (NYSE: ) Ltd (“Capri” or the “Company”) (NYSE: CPRI) on behalf of the purchasers of the securities of Capri From August 10, 2023 to October 24, 2024; inclusive(“classtime”).

Investor’s deadline: Investors who have bought or purchased CAPRI Warranties during class may be later. February 21, 2025seek to appoint the class leader as plaintiff’s representative. To know your rights, Click here.

Capri is a UK based clothing and accessories marketplace. He owns several fashion brands such as Michael Kors, which manufactures and sells handbags. Tapestry (NYSE: ) Inc. It is also a fashion company and owns fashion brands Coach and Kate Spade.

In the year On August 10, 2023, Capri and Tapestry announced that they had entered into a merger agreement whereby Tapestry would acquire Capri for $57 per share in cash. The acquisition of Capri combines three of its closest competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

According to the class action lawsuit, the defendants failed to disclose that the primary internal reason for the Capri acquisition was to consolidate the brands in the affordable luxury handbag market. Reducing competition, increasing prices, improving profit margins and reducing consumer choice In that market. As a result, the risk of negative regulatory actions on the proposed merger was greater than represented.

In the year On October 24, 2024, after a seven-day hearing, Judge Jennifer L. Rochon of the U.S. District Court for the Southern District of New York granted the U.S. Federal Trade Commission’s request to enjoin the purchase of Capri. In doing so, the court, among other things, “concrete evidence“Contrary to their public statements, the defendants believed that their brands were in good standing and direct competitors in the “accessible luxury handbag market.”

On the news, Capri shares fell from $41.60 per share on October 24, 2024 to a closing price of $21.26 on October 26, 2024, a decrease of $20.34 per share, or about 50%.

To know your rights or for more information, Click here Or please contact Berger Montagu: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hammer at phamner@bm.net.

A lead plaintiff is a representative party who leads the litigation on behalf of all class members. The lead plaintiff is usually the investor or a small group of investors with the largest financial interest and who are also sufficient and typical of the target investor class. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and these attorneys are either lead or class counsel if approved by the court. Your ability to participate in any recovery, however, will not affect the decision to serve as lead plaintiff. In this case, it is not necessary to communicate with any counselor to participate in the recovery. Any named class member may ask the court to serve as the lead plaintiff through counsel of its choice, or may choose to do nothing and remain an inactive class member.

With offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, Berger Montague has been a pioneer in securities class action litigation since its founding in 1970. He has served as a leading counsel in courts throughout the United States for decades.

To view the source of this press release, please visit https://www.newsfilecorp.com/release/238243.