LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Signet Jewelers Limited (“Signet” or the “Company”) (NYSE: SIG) concerning possible violations of federal securities laws between January 7, 2016 and June 3, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 24, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The complaint alleges that during the Class Period, Signet made false and/or misleading statements and/or failed to disclose: that the Company was having difficulty ensuring the safety of customers’ jewelry while in the custody of Signet’s brands; that employees at stores under at least one of Signet’s brands (Kay) were swapping customers’ stones for less valuable stones; that the Company was experiencing a decrease in customer confidence; that the Company was facing increasing competitive pressures; that Signet’s financial performance was being negatively impacted; and that as a result of the above, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When this information was disclosed, shares of Signet decreased in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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