SOURCE: Dyer & Berens LLP

April 15, 2009 17:48 ET

Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased Coach, Inc. (NYSE: COH) Publicly Traded Securities Between January 23, 2007 and October 22, 2007; Announces Upcoming Investor Deadline

DENVER, CO--(Marketwire - April 15, 2009) - Dyer & Berens LLP today announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of certain investors of Coach, Inc. ("Coach" or the "Company") (NYSE: COH) who purchased the Company's publicly traded securities between January 23, 2007 and October 22, 2007 (the "Class Period"). The complaint charges Coach and certain of its senior officers and directors with violations of the federal securities laws.

If you wish to serve as a lead plaintiff, you must move the Court no later than June 15, 2009. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at jeff@dyerberens.com. Any member of the putative class may move the Court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint alleges that during the Class Period, defendants reported strong growth for the Company and forecast similar growth going forward. However, defendants failed to disclose that the Company's growth rate was unsustainable. Then, on October 23, 2007, Coach announced that although its fiscal first-quarter profit rose 23%, traffic in its U.S. retail stores was weak and the Company expected a slow-down in the coming holiday season. In response, Coach's stock price dropped $4.87 per share to close at $36.60 per share on October 23, 2007.

Plaintiff seeks to recover damages on behalf of Coach investors. The plaintiff is represented by Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.

Contact Information

  • Contact:
    Jeffrey A. Berens
    Dyer & Berens LLP
    682 Grant Street
    Denver, CO 80203
    Tel: (888) 300-3362 or (303) 861-1764
    Email: Email Contact