Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Signet Jewelers Limited
August 25 2016 - 5:47PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that it has
filed a class action lawsuit in the United States District Court
for the Southern District of New York on behalf of a class (the
“Class”) consisting of persons and entities that acquired Signet
Jewelers Limited (“Signet” or the “Company”) (NYSE: SIG) securities
between January 7, 2016 and June 3, 2016 (the “Class
Period”).
If you are a member of the Class described above, you may move
the Court no later than sixty (60) days from the date of this
notice, to serve as lead plaintiff. Please contact Casey Sadler
at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com
to discuss this matter.
The complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company’s
business, operations, and prospects. Specifically, Defendants made
false and/or misleading statements and/or failed to disclose: (1)
that the Company was experiencing difficulty ensuring the safety of
customers’ jewelry while in the custody of Signet’s brands; (2)
that employees at stores under at least one of Signet’s brands
(Kay) were swapping customers’ stones for less valuable stones; (3)
that the Company was experiencing a drop-off in customer
confidence; (4) that the Company was facing increasing competitive
pressures; (5) that, as result of the foregoing, the Company’s
financial performance was being negatively impacted; and (6) that,
as a result of the foregoing, Defendants’ positive statements about
Signet’s business, operations, and prospects, were false and
misleading and/or lacked a reasonable basis.
To be a member of the Class you need not take any action at this
time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn
more about this action, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Casey Sadler,
Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150,
by e-mail to shareholders@glancylaw.com, or visit our website
at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160825006341/en/
Glancy Prongay & Murray LLP, Los AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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