Jared, Kay Jewelers Owner Can’t Dull Class Fraud Suit

The company behind jewelry giants Jared, Kay, and Zales must face a would-be class action alleging it misled investors about the quality of its credit portfolio and its corporate culture.

Signet Jewelers Ltd. can’t escape claims it misled shareholders about its credit-extension division and a sexual harassment suit it faced, according to a Nov. 26 order denying the company’s motion to dismiss.

Signet operated an in-house credit business to help customers make jewelry purchases, and this division’s receivables were the company’s second-largest asset by 2015, the order said. The company touted its credit portfolio as a “key ‘competitive advantage’” because ...