ROSEN, A LEADING NATIONAL COMPANY, Urges Capri Holdings Limited Investors To Secure Counsel Before Important Securities Class Action Deadline

New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action on behalf of buyers of shares or sellers of puts of Capri Holdings Limited (NYSE: NYSE: ) between August 10, 2023 and October 24, 2024, both dates inclusive (“Class Period “). A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than February 21, 2025.

SO WHAT: If you purchased Capri Holdings securities during the Exchange Period, you may be entitled to compensation without paying any fees or out-of-pocket expenses through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Capri Holdings class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=33109 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than February 21, 2025. The lead plaintiff is the representative party that acts on behalf of the other class members in the conduct of the litigation.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm secured the largest securities class action settlement to date against a Chinese company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the complaint, during the Class Period, the defendants made false and misleading statements and/or failed to disclose that: (1) the market for available luxury handbags is a separate and well-defined market within the overall handbag market and is understood as such by certain defendants, as well as other executives of Capri and Tapestry (NYSE:), Inc. (“Tapestry”); (2) Capri and Tapestry maintained analogous manufacturing facilities and supply chains for their affordable luxury handbags that differed from the manufacturing facilities and supply chains used to produce luxury or mass market handbags, confirming that the market for affordable luxury handbags is different from mass market and luxury handbag market; (3) Capri and tapestry considered internally Coach and Michael Kors that they are each other’s closest and most direct competitors; (4) conversely, Capri and Tapestry did not internally consider their handbag brands to be in direct competition with luxury or mass market handbags; (5) the primary internal reason for Tapestry’s failed attempt to acquire Capri (the “Capri Purchase”) was to consolidate the dominant brands within the available luxury handbag market in order to reduce competition, increase prices, improve profit margins and reduce consumer choice within that market; and (6) as a result, the risk of adverse regulatory action and/or blocking of the Capri acquisition was significantly greater than represented by defendants. When the true details came to market, the lawsuit alleges, investors suffered damages.

To join the Capri Holdings class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=33109 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

No class is certified. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/236821