Are you a former employee of Signet Jewelers Limited (SIG) and own stock in the company? Robbins LLP is investigating breaches of fiduciary duty by the officers and board of directors of SIG
Signet Jewelers Limited (SIG) Agrees to $240 Million Settlement
In 2008, a lawsuit was brought against Signet Jewelers by a group of female employees alleging discrimination by Signet’s subsidiary, Sterling Jewelers Inc. When the employees’ experiences became public in 2017, shares of Signet Jewelers dropped significantly. As a result of Signet Jewelers’ attempt to conceal the sexual misconduct and discrimination, investors filed a class action lawsuit against Signet Jewelers alleging the Company falsely stated it was committed to a workplace free from sexual harassment and made employment decisions based on merit alone. Finally, on March 26, 2020, Signet Jewelers reached a $240 million settlement with investors to resolve these allegations, depleting the Company’s financial resources and further harming shareholders.