NEW YORK, Aug. 31, 2016 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Signet Jewelers Ltd.
("Signet"
or the Company ) (NYSE: SIG). Such
investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or
888-476-6529, ext. 9980.
[Click here to join a class action]
The investigation concerns whether Signet and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On June 2, 2016,
James Grant's investment newsletter
issued a report raising concerns about the extent to which Signet
used its credit operations to boost sales, and also referenced a
previously published story on Buzzfeed about customers complaining
that their diamonds had been unknowingly replaced with
lesser-quality gems by Signet's Kay Jewelers
stores.
On this news, Signet stock fell as much as $13.93, or 14.11%, to a low of $84.80 during intraday trading on June 2, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S.
Willoughby
Pomerantz
LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP