Signet To Pay $240M To End Harassment-Linked Investor Suit

Law360 (March 26, 2020, 3:39 PM EDT) -- Signet Jewelers Ltd. reached a $240 million settlement with investors in a securities class action that garnered mixed answers from courts last year as to whether statements in corporate codes of conduct can qualify as material misrepresentations under securities law, according to a Thursday filing.

The investors provided a New York federal judge with a motion for preliminary approval of a deal resolving allegations that Signet's code of conduct and code of ethics falsely stated it was "committed to a workplace free from sexual harassment" and made employment decisions based on merit alone.

Those statements were part of the company's efforts...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!