CPRI Investor Alert: Class Action Lawsuit Filed by Robbins Geller Rudman & Dowd LLP
A recent class action lawsuit filed by investors against Capri Holdings Limited, formerly known as Michael Kors, has brought attention to allegations of securities fraud within the company. The lawsuit, known as Hurwitz v. Capri Holdings Limited, was filed in the District of Delaware and names not only Capri Holdings Limited but also Tapestry, Inc. and certain top executives as defendants.
According to the lawsuit, investors claim that the companies made false and misleading statements regarding the strength of Capri’s business and financial performance. These alleged misrepresentations have resulted in financial losses for shareholders who purchased Capri securities between November 7, 2019, and February 4, 2020.
The lawsuit highlights the importance of transparency and accuracy in financial reporting. Investors rely on companies to provide truthful and reliable information about their operations, so they can make informed decisions about where to invest their money. When companies fail to meet these expectations, it can have serious consequences for shareholders.
It’s important for investors to conduct thorough research and due diligence before investing in any company. By staying informed about legal actions like the Capri class action lawsuit, investors can protect themselves and make more informed investment decisions in the future. If you believe you have been affected by the alleged misconduct described in the lawsuit, you may want to consider seeking legal guidance on how to proceed.
