San Diego, CA -- (ReleaseWire) -- 01/30/2013 -- An investigation on behalf of investors of Coach, Inc. (NYSE:COH) shares over potential securities laws violations by Coach, Inc. and certain of its directors and officers in connection certain financial statements was announced .
If you purchased shares of Coach, Inc. (NYSE:COH), you have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Coach, Inc. (NYSE:COH) concerning whether a series of statements by Coach, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Coach, Inc. (NYSE:COH) reported that its Total Revenue rose from over $3.23 billion for the 52 weeks period that ended on June 27, 2009 to over $4.76 billion for the 52 weeks period that ended on June 30, 2012 and that its Net Income for the respective time periods increased from $623.37 million to over $1.03 billion.
Shares of Coach, Inc. (NYSE:COH) grew from as low as $11.80 per share in March 2009 to as high as $77.84 per share in March 2012.
Then on January 23, 2013, Coach, Inc. (NYSE:COH) announced its financial results for its fiscal quarter ended December 29, 2012.
Shares of Coach, Inc. (NYSE:COH) declined from $60.68 per share on Jan. 22, 2013, to $50.75 per share on Jan. 23, 2013.
On Jan. 25, 2013, NYSE: COH shares closed at $51.01 per share, which is significantly below its current 52 week High.
Those who purchased shares of Coach, Inc. (NYSE:COH), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego