June 1, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Michael Kors Holdings Ltd (NYSE:KORS) shares over potential securities laws violations in connection certain financial statements was announced.


The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Michael Kors Holdings Ltd (NYSE:KORS) concerning whether a series of statements regarding Michael Kors Holdings business, its prospects and its operations were materially false and misleading at the time they were made.

Michael Kors Holdings Ltd reported that its Total Revenue rose from $803.34 million for the 52 weeks period that ended on April 2, 2011 to over $3.31 billion for the 52 weeks period that ended on March 29, 2014 and that its Net Income for those respective time periods increased from $72.51 million to $661.49 million.

Shares of Michael Kors Holdings Ltd (NYSE:KORS) grew from $24.10 per share in late 2011 to as high as $98.46 per share in February 2014.

On May 27, 2015, Michael Kors Holdings Ltd announced its fourth quarter and annual fiscal 2015 results and issued its outlook for its first quarter of fiscal 2016. Shares of Michael Kors Holdings Ltd (NYSE:KORS) declined from $61.55 per share on May 26, 2015, to as low as $45.53 per share on May 29, 2015.