Financial News

Update in Lawsuit for Investors in Signet Jewelers Ltd. (NYSE: SIG) Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / August 8, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: SIG shares against Signet Jewelers Ltd over alleged Securities Laws violations.

Investors, who purchased shares of Signet Jewelers Ltd. (NYSE: SIG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 29, 2017, a lawsuit was filed in the U.S. District Court for the Northern District of Texas against Signet Jewelers Ltd over alleged violations of Federal Securities Laws. The plaintiff claims that the defendants issued false and misleading statements and/or failed to disclose adverse information regarding Signet Jewelers' business and prospects, including that alleged sexual harassment by employees of Sterling, 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 Jewelers Ltd. would be able to avoid paying a sizable amount of damages in connection with a class action lawsuit filed by Sterling employees, and that as a result of this information being withheld from the market, the Company's stock traded at artificially inflated prices between August 29, 2013 and February 27, 2017, reaching a high of $150.94 per share.

In April 2017, the case was transferred to the U.S. District Court for the Southern District of New York and in early July a motion to appoint a lead plaintiff was filed.

Those who purchased Signet Jewelers Ltd. (NYSE: SIG) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 471619

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