Saxena White P.A. is pleased to announce that on March 7, 2025, the United States District Court for the District of Delaware appointed Saxena White P.A. as a member of the Executive Committee for the Class in the securities class action litigation against Capri Holdings Limited.

The action arises out of Defendants’ failed efforts to combine Capri Holdings Limited (“Capri”) and Tapestry, Inc. (“Tapestry”) in a merger (the “Capri Acquisition”) that was announced on August 10, 2023 and valued at approximately $8.5 billion. The action alleges that, during the class period, Defendants made false and/or misleading statements and failed to disclose that the accessible luxury handbag market, in which Capri’s and Tapestry’s brands compete, is a distinct and well-defined market within the overall luxury handbag market. As a result, the risk of adverse regulatory actions and the risk of the Capri Acquisition being blocked was materially higher than represented by the Defendants. In October 2024, the U.S. Federal Trade Commission’s motion to preliminarily enjoin the Capri Acquisition was granted.