Case Page

 

Case Status:    ONGOING    
On or around 12/04/2018 (Ongoing date of last review)

Filing Date: August 25, 2016

According to the law firm press release, the complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was experiencing difficulty ensuring the safety of customers’ jewelry while in the custody of Signet’s brands; (2) that employees at stores under at least one of Signet’s brands (Kay) were swapping customers’ stones for less valuable stones; (3) that the Company was experiencing a drop-off in customer confidence; (4) that the Company was facing increasing competitive pressures; (5) that, as result of the foregoing, the Company’s financial performance was being negatively impacted; and (6) that, as a result of the foregoing, Defendants’ positive statements about Signet’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On November 21, 2016, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiff filed an amended complaint on January 30, 2017.

On July 27, 2017, the Court issued an Order vacating the earlier Order appointing Lead Plaintiffs and Counsel, and appointing new Lead Plaintiff and Counsel. The new Lead Plaintiff filed an amended Complaint on September 29. Defendants filed a Motion to Dismiss the amended complaint on December 1. Plaintiffs filed an amended Complaint on December 22.

On January 7, 2018, the Court issued an Order consolidating cases.

On March 16, Lead Plaintiff filed a Letter Motion for leave to file an amended Complaint. On March 20, the Court issued an Order granting Plaintiff's Motion for Leave to file a fifth amended Complaint. The Order denies as moot Defendants' Motion to Dismiss the third amended Complaint and denies without prejudice Defendants' Motion to dismiss the fourth amended Complaint. Lead Plaintiff was given leave to file the fifth amended Complaint by March 22, 2018. On March 22, Lead Plaintiff filed a fifth amended Complaint.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Jewelry & Silverware
Headquarters: Bermuda

SECURITIES INFORMATION:

Ticker Symbol: SIG
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 #: 16-CV-06728
JUDGE: Hon. Jesse M. Furman
DATE FILED: 08/25/2016
CLASS PERIOD START: 01/07/2016
CLASS PERIOD END: 06/03/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 16-CV-06728
JUDGE: Hon. Jesse M. Furman
DATE FILED: 03/22/2018
CLASS PERIOD START: 08/29/2013
CLASS PERIOD END: 03/13/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New New York)
    1251 Avenue of the Americas, Bernstein Litowitz Berger & Grossmann LLP (New New York), NY 10020
    (212) 554-1400 (212) 554-1448 ·
No Document Title Filing Date
—Related District Court Filings Data is not available