Capri, Tapestry Are Facing a Securities Fraud Lawsuit Over Failed Merger
Capri Holdings and Tapestry Inc. are facing a securities class action lawsuit following the implosion of their proposed $8.5 billion merger. In a complaint lodged with the U.S. District Court for the District of Delaware in December, Capri shareholder David Hurwitz alleges that the companies and some of their top executives – namely, Capri chairman…