Capri Holdings Limited (NYSE: CPRI)

This lawsuit is for anyone who acquired securities in Capri Holdings Limited (NYSE: CPRI) from August 10, 2023 through October 24, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by maintaining publicly that the reason for the Company’s merger with Tapestry, Inc. was to create one Company that sold handbags to the separate mass market and luxury handbag markets when, instead, the Company was actually seeking to illegally create a monopoly on the luxury handbag market.

On October 24, 2024, a United States District Court determined that Capri’s merger with Tapestry, Inc. would hurt competition and granted the Federal Trade Commission’s motion for preliminary injunction, blocking the merger. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Capri Holdings Limited (NYSE: CPRI) from August 10, 2023 through October 24, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.