NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 29, 2017 to file lead plaintiff applications in a securities class action lawsuit against Signet Jewelers Limited (NYSE: SIG), if they purchased the Company’s securities between August 29, 2013 and February 27, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Texas.
What You May Do
If you purchased securities of Signet and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 29, 2017.
About the Lawsuit
Signet and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 27, 2017, The Washington Post reported widespread claims of sexual harassment and discrimination by approximately 250 former employees of Signet’s Sterling Family of Jewelers division against Company management and executives, including Signet’s current CEO, Mark Light. The details of the claims originated from a private arbitration proceeding in June 2013, but had remained under seal until February 26, 2017. The report further detailed that the arbitration encompassed a certified class of 69,000 women who are current or former employees of the Company.
On this news, the price of Signet’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.