LOS ANGELES, April 21, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Signet Jewelers Limited (âSignetâ or the âCompanyâ) (:SIG) concerning possible violations of federal securities laws between August 29, 2013 and February 27, 2017 inclusive (the âClass Periodâ). Investors who purchased or otherwise acquired the Companyâs shares during the Class Period should contact the firm prior to the May 30, 2017 lead plaintiff motion deadline.
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No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.
According to the Complaint, during the Class Period, Signet issued false and misleading statements and/or failed to disclose that alleged sexual harassment by employees of Signetâs Sterling Family of Jewelers division (âSterlingâ), including numerous incidents of sexual assault and rape which were detailed in approximately 249 declarations signed under penalty of perjury by current and former Sterling employees, made it unlikely that Signet would be able to avoid paying a sizable amount of damages in connection with a class action lawsuit filed by Sterling employees. Signetâs stock traded at artificially inflated prices during the Class Period as a result of this information being withheld from the market.
On February 27, 2017, The Washington Post published a report revealing widespread allegations of sexual harassment made in the private arbitration that implicated the Companyâs senior managers and executives. When this information was released to the public, Signetâs stock price declined significantly.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles devoted to upholding shareholdersâ rights.
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Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/