STEVENSON, Md., Dec. 28, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Signet Jewelers Limited (NYSE:SIG) (“Signet” or the “Company”) securities during the period between August 24, 2017 and November 21, 2017, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until February 13, 2018 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Signet securities during the Class Period.  Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.  No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the Company’s efforts to convert IT systems in connection with the credit portfolio transition were negatively impacting sales, the magnitude of in-store process changes related to the new credit program were negatively impacting sales, and the Company was experiencing systems and process disruptions associated with the outsourcing of its credit portfolio.

According to the complaint, following a November 21, 2017 press release announcing that store sales were down five percent due to systems and process disruptions, the value of Signet declined significantly.

If you have suffered a loss in excess of $100,000 from investment in Signet securities purchased on or after August 24, 2017 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.  If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.  You need take no action at this time to be a member of the class.

CONTACT:  Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com