Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Signet Jewelers Limited (NYSE:SIG) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Signet Jewelers Limited (NYSE:SIG) concerning whether a series of statements by Signet Jewelers Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 2, 2016, an investment newsletter released a report raising concerns about the extent to which Signet used its credit operations to boost sales. The report also mentioned a previous news post that alleged customer's had complaints about that their diamonds being unknowingly replaced with lesser quality gems at the Company's Kay Jewelers stores.
On this news, NYSE:SIG shares declined over 6% on June 2, 2016.
Based in Hamilton, Bermuda, and founded in 1950 Signet Jewelers Limited engages in the retail sale of diamond jewelry and watches.
If you purchased shares of Signet Jewelers Limited (NYSE:SIG), you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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