Capri Holdings Limited Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before February 21, 2025 to Discuss Your Rights – CPRI

Key Takeaways:

• Class action lawsuit filed against Capri Holdings for alleged securities fraud.
• Allegations include concealment of risks related to the acquisition by Tapestry.
• Investors affected between August 2023 and October 2024 may be entitled to compensation.
• Deadline of February 21, 2025, set for investors to request lead plaintiff status.
• Levi & Korsinsky brings extensive experience in securities litigation to the case.

Legal Battle Begins for Capri Holdings Investors

Introduction

Levi & Korsinsky, LLP has filed a class action securities lawsuit against Capri Holdings Limited (NYSE: CPRI), alleging that the company engaged in securities fraud that negatively impacted investors. The lawsuit seeks to recover losses for those who invested in Capri Holdings between August 10, 2023, and October 24, 2024.

Background of the Lawsuit

The filed complaint asserts that Capri Holdings made false statements and concealed critical information regarding its business practices, particularly concerning its acquisition by Tapestry. According to the allegations, the company misrepresented the risks associated with the acquisition, which ultimately led to investors suffering significant losses.

Allegations Against Capri Holdings

The lawsuit outlines several key allegations:

• Concealment of Market Dynamics : Capri Holdings and Tapestry are accused of understanding the accessible luxury handbag market as a distinct sector but failing to disclose this knowledge.

• Internal Competition Awareness : The companies allegedly recognized Coach and Michael Kors as direct competitors yet did not adequately inform investors of this competitive landscape.

• Acquisition Motives : It is asserted that a primary reason for the acquisition was to consolidate brands within the accessible luxury market, aiming to reduce competition and increase prices, which was not communicated to shareholders.

• Understated Regulatory Risks : The defendants are accused of downplaying the likelihood of adverse regulatory actions or the possibility of the acquisition being blocked, misleading investors about the true risks involved.

Impact on Investors

Investors who purchased Capri Holdings securities during the specified period may have been adversely affected by these alleged actions. The concealment of vital information potentially led to uninformed investment decisions, resulting in financial losses when the undisclosed risks materialized.

Investor Action and Deadlines

Affected investors have until February 21, 2025 , to request that the court appoint them as lead plaintiff in the class action lawsuit. Serving as a lead plaintiff is not mandatory to share in any potential recovery but allows for a more active role in the litigation process. Importantly, there are no out-of-pocket costs or fees associated with participating in the lawsuit.

Investors can obtain more information and take action by contacting Levi & Korsinsky directly:

• Email :
• Telephone : (212) 363-7500
• Website : www.zlk.com

About Levi & Korsinsky

Levi & Korsinsky is a nationally recognized law firm with over two decades of experience representing shareholders in securities litigation. The firm boasts a team of over 70 employees dedicated to protecting investor rights. For seven consecutive years, Levi & Korsinsky has been listed in ISS Securities Class Action Services’ Top 50 Report as one of the leading securities litigation firms in the United States.

Conclusion

The allegations against Capri Holdings highlight significant concerns about corporate transparency and investor protection. As the legal proceedings commence, affected investors are encouraged to consider their options and take timely action to preserve their rights.