Signet Jewelers Investor Class OK’d in Harassment, Credit Case

Signet Jewelers Ltd. investors accusing the company of hiding its liability for allegedly widespread sexual harassment may sue as a class, a federal judge ruled.

The investors can also move forward as a class with their allegations that Signet misrepresented the health of its credit portfolio, the U.S. District Court for the Southern District of New York said July 10. The dual nature of the class allegations is “somewhat unique” but “far from extraordinary,” the order said.

Signet, which owns jewelry stores Jared, Kay, and Zales, allegedly lied to investors about the severity and extent of lawsuits over gender discrimination ...