Coach Inc. Investor Class Action Lawsuit - 04/14/2009

If you purchased Coach, Inc. (NYSE:COH) stock between January 23, 2007 and October 22, 2007 you have certain options and there are strict and short deadlines running. (Deadline: June 12, 2009). You should contact the Shareholders Foundation, Inc immediately. If you purchased shares of Coach (COH) in 2007 and still hold these shares you should also contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Coach
Case Name: 
Coach Inc. Investor Class Action Lawsuit - 04/14/2009
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: COH
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/14/2009
Class Period Begin: 
01/23/2007
Class Period End: 
10/22/2007
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
06/12/2009
Summary: 

On Tuesday, April 14, 2009, an investor in Coach, Inc. (NYSE:COH) filed a proposed securities class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Coach, Inc. (NYSE:COH) publicly traded securities during the period between January 23, 2007 and October 22, 2007 against Coach, Inc and certain of its officers and directors over alleged Federal Securities Laws violations.

According to the complaint the plaintiff alleges that Coach, Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by reporting between January 23, 2007 and October 22, 2007, strong growth for Coach, Inc and forecast similar growth going forward, while failing to disclose that its growth rate was, in fact, unsustainable. Then, on October 23, 2007, before the market opened, Coach, Inc announced that although its fiscal first-quarter profit rose 23%, traffic in its U.S. retail stores was weak and Coach expected a slow-down in the coming holiday season. As a result of this announcement, Coach’s stock (NYSE:COH) price dropped $4.87 per share (or 12%) to close at $36.60 per share on October 23, 2007, so the lawsuit.