NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Signet Jewelers Limited (NYSE:SIG) resulting from allegations that Signet may have issued materially misleading business information to the investing public.
On February 27, 2017, The Washington Post published an article during aftermarket hours revealing that approximately 250 former employees of Sterling Jewelers, Inc., a wholly owned subsidiary of Signet, claimed in sworn statements that Sterling executives presided over a corporate culture that fostered rampant sexual harassment and discrimination. The article further revealed that the current Chief Executive Officer of Signet, Mark Light, was among those accused of having sex with female employees and promoting women based upon how they responded to sexual demands. On this news, shares of Signet fell $9.29 per share or 12.7% to close at $63.59 per share on February 28, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Signet investors. If you purchased shares of Signet on or before February 27, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1064.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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