A number of US Class Action law firms have recently announced that they each have a Bermuda company, Signet Jewelers Limited, in their sights.
For example, Robins Arroyo LLP has issued a Press Release, announcing that it has filed a class action complaint against Signet Jewelers Limited in the U.S. District Court for the Southern District of New York. The complaint has purportedly been brought on behalf of all purchasers of Signet securities between January 7, 2016 and June 3, 2016, for alleged violations of the Securities Exchange Act of 1934 by Signet’s directors and officers, relating to an alleged “diamond swapping scheme” (which is denied by Signet).
Other Plaintiff law firms are also racing to the Courthouse, with a view to winning the Lead Plaintiff Motion. These include:
- Bronstein, Gewirtz & Grossman, LLC, whose Complaint is available here;
- Khang & Khang LLP;
- Lundin Law PLC;
- Pomerantz LLP;
- Glancy Prongay and Murray LLP;
- The Law Offices of Vincent Wong;
- Levi & Korsinsky LLP; and
- The Rosen Law Firm, whose Complaint is available here.
So, how many US Class Action lawyers does it take to sue a Bermuda company?