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Steinberg v. Kate Spade & Company et al
Case Number:
1:17-cv-04155
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Companies
Sectors & Industries:
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June 29, 2017
Investors Drop Challenge To $2.4B Kate Spade, Coach Deal
A proposed class of shareholders suing Kate Spade & Co. over its planned $2.4 billion sale to Coach Inc. dropped the suits in New York federal court on Thursday after the designer amended its SEC filing to address concerns the deal pads executives' wallets while shortchanging the company's intrinsic value.
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June 05, 2017
Kate Spade Shareholders Challenge $2.4B Deal With Coach
Kate Spade & Co. investors filed suit in New York federal court Monday to challenge the luxury accessories and apparel company's planned $2.4 billion sale to Coach Inc., saying the deal pads executives' wallets while shortchanging the company's intrinsic value.