Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Southern District of New York on behalf of shareholders of Signet Jewelers Limited (“Signet” or the “Company”) (NYSE: SIG) who purchased shares between January 7, 2016 and June 3, 2016.
The complaint alleges that throughout the Class Period defendants issued false and misleading statements and/or failed to disclose that: (1) Signet was experiencing difficulty ensuring the safety of customers’ jewelry while in the custody of Signet’s brands; (2) Signet’s employees at stores under at least one of Signet’s brands (Kay) were swapping customers’ stones for less valuable stones; (3) Signet was experiencing a decrease in customer confidence; (4) Signet had increasing competitive pressures; and (5) consequently, Signet’s financial performance was being negatively impacted.
If you suffered a loss in Signet you have until October 24, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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