Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 24, 2016 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 January 7, 2016 and June 3, 2016, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares 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 S. Kahn (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 24, 2016.
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.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) Signet was experiencing difficulty ensuring the safety of customers’ jewelry while in the custody of the Company’s brands; (ii) Signet’s employees at stores under at least one brand, Kay, were swapping customers’ stones for less valuable stones; (iii) Signet was experiencing a decrease in customer confidence; (iv) Signet had increasing competitive pressures; and (v) as a result, Signet’s financial performance was being negatively impacted.