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Signet Jewelers Limited

Case Summary

Signet Jewelers Limited Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 07/11/2019 (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. On March 30, Defendants filed a Motion to Dismiss the fifth amended Complaint. The Court issued an Order denying the Motion to Dismiss on November 26. On May 9, 2019, Defendants filed a Motion for Judgment. On June 11, the Court issued an Order denying Defendants' Motion for Judgment.

Company & Securities Information

Defendant: Signet Jewelers Limited

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.

First Identified Complaint

Susan Dube, et al. v. Signet Jewelers Limited, et al.

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
  2. Law Offices of Howard G. Smith
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 08/25/2016
2 U.S. District Court Civil Docket 08/26/2016
3 Order 11/21/2016

Reference Complaint

In re Signet Jewelers Limited Securities Litigation

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 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violations of the Federal Securities Laws 01/30/2017
2 Second Amended Class Action Complaint for Violations of the Federal Securities Laws 04/03/2017
3 Order 07/27/2017
4 Third Amended Class Action Complaint for Violations of the Federal Securities Laws 09/29/2017
5 Order 12/04/2017
6 Fourth Amended Class Action Complaint for Violations of the Federal Securities Laws 12/22/2017
7 Fifth Amended Class Action Complaint for Violations of the Federal Securities Laws 03/22/2018
8 Decision and Order Denying Defendants' Motion to Dismiss the Fifth Amended Class Action Complaint 11/26/2018
9 Decision and Order Denying Defendants' Motion for Judgment on the Pleadings 06/11/2019
10 Decision and Order Denying Defendants' Motion for Reconsideration 06/20/2019
11 Decision and Order Granting Plaintiff's Motion for Class Certification 07/10/2019
12 U.S. District Court Civil Docket 07/11/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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