Case Page

 

Case Status:    DISMISSED    
On or around 04/19/2010 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: April 14, 2009

According to a press release dated April 14, 2009, the complaint charges Coach and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Coach engages in the design and marketing of accessories and gifts for men and women in the United States and internationally.

The complaint alleges that during the Class Period, defendants reported strong growth for the Company and forecast similar growth going forward. However, defendants failed to disclose that the Company’s growth rate was, in fact, unsustainable. Then, on October 23, 2007, before the market opened, Coach announced that although its fiscal first-quarter profit rose 23%, traffic in its U.S. retail stores was weak and the Company expected a slow-down in the coming holiday season. As a result of this announcement, Coach’s stock price dropped $4.87 per share (or 12%) to close at $36.60 per share on October 23, 2007.

On January 22, 2010, the plaintiff’s Motion for Appointment as Lead Plaintiff and Approval of Lead Plaintiff s Selection of Lead Counsel was granted by the Court.

On April 19, 2010, the parties to this action submitted a Joint Stipulation and Order of Voluntary Dismissal pursuant to Rule 41(a) of the Federal Rules of Civil Procedure. The action was subsequently dismissed without prejudice as to Plaintiffs and Plaintiffs agreed not to file a further amended pleading or to seek further review or appeal in connection with the action.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Apparel/Accessories
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: COH
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 09-CV-03789
JUDGE: Hon. Deborah A. Batts
DATE FILED: 04/14/2009
CLASS PERIOD START: 01/23/2007
CLASS PERIOD END: 10/22/2007
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
    58 South Service Road, Suite 200, Coughlin Stoia Geller Rudman & Robbins LLP (Melville), NY 11747
    631.367.7100 631.367.1173 · info@csgrr.com/
  2. Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
    655 West Broadway, Suite 1900, Coughlin Stoia Geller Rudman & Robbins LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 · info@csgrr.com/
  3. Dyer & Berens LLP (former)
    682 Grant Street, Dyer & Berens LLP (former), CO 80203-3507
    303.861.1764 303.861.1764 · contact@dyerberens.com
  4. Holzer Holzer & Fistel, LLC (Atlanta)
    200 Ashford Center North, Suite 300, Holzer Holzer & Fistel, LLC (Atlanta), GA 30338
    770.392.0090 770.392.0090 ·
No Document Title Filing Date