Investigation announced for Long-Term Investors in shares of Capri Holdings Limited (NYSE: CPRI) over possible Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain directors of Capri Holdings Limited.

Investors who are current long term investors in Capri Holdings Limited (NYSE: CPRI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: CPRI stocks follows a lawsuit filed against Capri Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CPRI stocks, concerns whether certain Capri Holdings Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Delaware the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that the accessible luxury handbag market is a distinct and well-defined market within the overall handbag market and understood as such by the individual Defendants, as well as by other Capri Holdings Limited and Tapestry executives, that Capri Holdings Limited and Tapestry maintained analogous production facilities and supply chains for their accessible luxury handbags that were distinct from the production facilities and supply chains used to manufacture luxury or mass market handbags, confirming that the accessible luxury handbag market is distinct from the mass market and luxury handbag markets, that Capri Holdings Limited and Tapestry internally considered Coach and Michael Kors to be each other's closest and most direct competitors, that, conversely, Capri Holdings Limited and Tapestry did not internally consider their handbag brands to be in direct competition with luxury handbags or mass market handbags, a primary internal rationale for the Capri acquisition was to consolidate prevalent brands within the accessible luxury handbag market so as to reduce competition, increase prices, improve profit margins, and reduce consumer choice within that market, and that as a result of the above, the risk of adverse regulatory actions and/or the Capri Holdings Limited acquisition being blocked was materially higher than represented by Defendants.

Those who purchased shares of Capri Holdings Limited (NYSE: CPRI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.