San Diego, CA -- (SBWire) -- 01/19/2018 --An investor, who purchased shares of Signet Jewelers Ltd. (NYSE:SIG), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Signet Jewelers Ltd.
Investors who purchased shares of Signet Jewelers Ltd. (NYSE:SIG) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Signet Jewelers Ltd. (NYSE:SIG) common shares between August 24, 2017, and November 21, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 24, 2017, and November 21, 2017, the Defendants failed to disclose that the Company's efforts to convert IT systems in connection with the credit portfolio transition were negatively impacting sales, that the magnitude of in-store process changes related to the new credit program were negatively impacting sales, that, as such, the Company was experiencing systems and process disruptions associated with the outsourcing of its credit portfolio, that the disruptions were negatively impacting the Company's performance, and 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.
Those who purchased shares of Signet Jewelers Ltd. (NYSE:SIG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
NYSE:SIG Investor Alert: Lawsuit Alleges Misleading Statements by Signet Jewelers Ltd
A lawsuit was filed on behalf of investors in Signet Jewelers Ltd. (NYSE:SIG) shares over alleged securities laws violations.