Haeggquist & Eck, LLP Is Investigating Claims Against Directors & Officers of Tapestry, Inc., Owner of Coach, Kate Spade, & S...
29 Octubre 2020 - 2:28PM
Business Wire
Haeggquist & Eck, LLP, a leading shareholder rights
litigation firm, is investigating whether certain directors and
officers of Tapestry, Inc. (“Tapestry”) (NYSE: TPR) breached their
fiduciary duties to Tapestry and its shareholders. If you are a
Tapestry shareholder, you are encouraged to contact Amber Eck at
Haeggquist & Eck for additional information.
Tapestry is an international luxury fashion and accessory
company, which owns the Coach, Kate Spade, and Stuart Weitzman
brands. Haeggquist & Eck (HAE) is investigating whether members
of Tapestry’s Board of Directors or senior management failed to
manage Tapestry in an acceptable manner, in breach of their
fiduciary duties to Tapestry, and whether Tapestry has suffered
damages as a result.
Specifically, HAE is investigating whether the Board breached
its fiduciary duties by failing to conduct proper due diligence
when it promoted Jide Zeitlin to Chair, then to CEO, and whether it
fully explored allegations against him regarding past questionable
business practices and misconduct relating to a past
relationship.
As journalist William Cohan detailed in a ProPublica article
published after Zeitlin’s resignation, Zeitlin had, over ten years
ago, induced women into doing sometimes nude photography sessions
with him by posing as a photographer under an alias. With one of
these women, he eventually conducted a sexual affair and admitted
to her that he had been using a pseudonym when he first met her and
convinced her to take pictures.
In addition, HAE is investigating whether the Board breached its
fiduciary duties by ignoring or failing to monitor with respect to
sexual harassment at Stuart Weitzman and then retaliating against
an employee for reporting the sexual harassment.
What You Can Do
If you are a Tapestry shareholder, you may have legal claims
against its directors and officers. If you wish to discuss this
investigation, or have questions about your legal rights, please
contact attorney Amber Eck at 619-342-8000 or ambere@haelaw.com.
There is no cost or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
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version on businesswire.com: https://www.businesswire.com/news/home/20201029006276/en/
Haeggquist & Eck, LLP 619-342-8000 Amber Eck,
ambere@haelaw.com
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