WELLINGTON, Fla., April 18, 2017 /PRNewswire/ -- Barbuto &
Johansson, PA (the "Firm"), announces that a securities class
action lawsuit has been filed against Signet Jewelers, Ltd. (NYSE:
SIG) ("Signet" or the "Company"). To learn more about this case,
investors should contact the Firm before May 29, 2017, prior to the application
deadline for lead plaintiff. Anthony
Barbuto, Esq., who has trained in class action
representation and is also a leader in equestrian law, represents
those who have been harmed by securities fraud. Carly Johansson, Esq., who has previously
worked for a national employment law firm dealing with sexual
harassment cases, focuses on injury law, including financial
injuries. The firm announces that a securities class action
against Signet has been filed in the United States District Court
for the Northern District of Texas
on behalf of purchasers of Signet common stock between August 29, 2013 and February 27, 2017, inclusive (the "Class
Period"). On April 14, 2017,
the case was transferred to the Southern District of New
York. You can reach Mr. Barbuto or Ms. Johansson at (561)
444-7980.
The Lawsuit
Signet is charged with making false and misleading statements
and omissions related to the Company's operations in violation of
the Securities Exchange Act of 1934. The allegations involve
Signet's subsidiary, Sterling Family of Jewelers ("Sterling"),
which operates stores under brand names including Kay Jewelers and
Jared. The lawsuit alleges that the Company publicly downplayed
serious issues of sexual harassment that were alleged by employees
in a private arbitration proceeding. On February 26, 2017, however, the public gained
access to 249 declarations by current and former Sterling employees
that painted a picture of the Company in which sexual harassment is
not just tolerated but modeled by top executives. Further, a
February 27, 2017 Washington Post
article quoted the arbitrator stating, "[f]or the most part
Sterling has not sought to refute this evidence." After trading
closed on February 27, 2017, Signet's
common stock price plunged.
Shareholder Class Rights
If you are a Signet shareholder during the class period and wish
to discuss your legal rights, you may, without obligation, e-mail
or call Anthony Barbuto
(anthony@injurylawfirm4all.com); office: (561) 444-7980; cellular:
(561) 531-8221 or Carly Johansson
(carly@injurylaw4all.com); office: (561) 444-7980; cellular: (954)
401-0435. Barbuto & Johansson, P.A. is based in
Wellington, Florida. To learn more about the Firm, you may
visit www.injurylawfirm4all.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/barbuto--johansson-pa-securities-fraud-lawsuit-filed-against-signet-jewelers-ltd-alleging-sexual-harassment-coverup-nyse-sig-300440437.html
SOURCE Barbuto Law & Associates, P.A.