| Company: | COACH |
| Ticker Symbol: | COH |
| Class Period: | Jan-23-07 to Oct-22-07 |
| Date Filed: | Apr-14-09 |
| Lead Plaintiff Deadline: | Jun-13-09 |
| Court: | Southern District of New York |
| Allegations: | |
The complaint charges Coach and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Coach engages in the design and marketing of accessories and gifts for men and women in the United States and internationally.
The complaint alleges that during the Class Period, defendants reported strong growth for the Company and forecast similar growth going forward. However, defendants failed to disclose that the Company's growth rate was, in fact, unsustainable. Then, on October 23, 2007, before the market opened, Coach announced that although its fiscal first-quarter profit rose 23%, traffic in its U.S. retail stores was weak and the Company expected a slow-down in the coming holiday season. As a result of this announcement, Coach's stock price dropped $4.87 per share (or 12%) to close at $36.60 per share on October 23, 2007.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
