(800) 429-3205

Submit Your Information for the Capri Holdings Limited Lawsuit

Lead plaintiff deadline is February 21, 2025.

If you purchased or acquired Capri securities between August 10, 2023 through October 24, 2024, please contact Berger Montague using the form below.

Please view our terms of use policy and our privacy policy.

Thank you! Your form has been successfully submitted.

About the Lawsuit

On August 10, 2023, Capri and Tapestry announced that they had entered into a merger agreement whereby Tapestry would purchase Capri for $57 per share in cash. The Capri acquisition would combine three close competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

According to the class action lawsuit, defendants failed to disclose that a primary internal rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market so as to reduce competition, increase prices, improve profit margins, and reduce consumer choice within that market. As a result, the risk of adverse regulatory action against the proposed merger was higher than represented.

On October 24, 2024, following a seven-day hearing, Judge Jennifer L. Rochon of the U.S. District Court for the Southern District of New York granted the U.S. Federal Trade Commission’s motion to preliminarily enjoin the Capri acquisition. In doing so, the court determined, among other things, that a “substantial body of compelling evidence” showed that, in contrast to their public statements, defendants believed that their brands were direct competitors in a well-defined “accessible luxury handbag market.”

On news, the price of Capri shares fell from $41.60 per share on October 24, 2024 to a closing price of $21.26 per share on October 26, 2024, a drop of $20.34 per share, nearly 50%.

Investors who purchased or acquired Capri securities between August 10, 2023 through October 24, 2024, may no later than February 21, 2025, seek to be appointed as a lead plaintiff representative of the class.

michael kors bag

Berger Montague Counsel

Andrew Abramowitz

Andrew Abramowitz, Esq.

25%

aabramowitz@bm.net

(215) 875-3015

bergermontague.com

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Feature

25%

Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.

Data set

Berger Montague logo

Peter Hamner, Esq.

25%

phamner@bm.net

(215) 875-3048

bergermontague.com

Data set