Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Signet Jewelers Limited To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Signet Jewelers Limited (“Signet Jewelers” or the “Company”) (NYSE:SIG) of the May 30, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit was originally in the U.S. District Court for the Northern District of Texas on behalf of all those who purchased Signet Jewelers common stock between August 29, 2013 and February 27, 2017 (the “Class Period”). The case, Irving Firemen's Relief & Retirement System v. Signet Jewelers Limited et al, No. 3:17-cv-00875 was filed on March 28, 2017 and was assigned to Judge Sidney Allen Fitzwater. The case has now been transferred to U.S. District Court for the Southern District of New York under No. 1:17-cv-02845.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose adverse facts about the Company and its Sterling Family of Jewelers (“Sterling”) division.
Specifically, on February 27, 2017, The Washington Post published a report that revealed allegations of sexual harassment made in the private arbitration that implicated Sterling’s senior managers and executives. Based on a review of the Declarations, the report described accusations that female employees “were routinely groped, demeaned and urged to sexually cater to their bosses to stay employed.” Furthermore, the report noted that the arbitration includes a certified class of 69,000 women who are current or former employees of the Company.
After the announcement, Signet Jewelers’ share price fell from $72.88 per share on February 27, 2017 to a closing price of $63.59 on February 28, 2017 —a $9.29 or a 12.75% drop.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Signet Jewelers’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.