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New Federal Securities Cases

Signet Jewelers Limited

A class action lawsuit has been filed in the United States District Court for the Southern District of New York against Signet Jewelers Limited ("Signet" or the "Company") (NYSE: SIG), on behalf of investors who purchased or otherwise acquired Signet securities during the period from August 24, 2017 through November 21, 2017 (the "Class Period"). The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On November 21, 2017, Signet issued a press release disclosing that its Q3 2017 same store sales were down five percent, in part due to "systems and process disruptions associated with outsourcing of the credit portfolio." On a conference call held the same day, Defendant Virginia C. Drosos ("Drosos"), Signet's Chief Executive Officer ("CEO") stated that "disruptions in our systems and processes during our credit outsourcing transition ... impacted our comp sales by sixty basis points." Drosos further stated that the disruptions were "primarily related to the conversion of IT systems and the magnitude of in-store process changes related to the new program." On this news, Signet's share price fell $23.05 per share, or 30.4%, to close at $52.79 per share on November 21, 2017, damaging investors.

If you acquired Signet securities during the Class Period, you may, no later than February 13, 2018, request that the court appoint you lead plaintiff of the Class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement.

If you are a current or former Signet shareholder and wish to obtain additional information, please fill out the contact form at the link below.

Investigation Contact Form

Signet Jewelers Limited Investor Contact Form


Ira M. Press

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