The world's largest retailer of diamond jewelry, headquartered in Akron, Ohio, faces a lawsuit for securities fraud for allegedly making "false or misleading statements about the severity of sexual harassment claims against the company."
The defendants include the organization, its former CEO, and several other company officials. This latest lawsuit is just one in a series of suits against the organization after a Washington Post article revealed court documents, accusing the organization of "widespread" sexual harassment. The CEO named in the lawsuit resigned in July, citing "health concerns."
The allegations are that CEO and other executives were allowed to commit sexual harassment against women, and the organization disseminated false statements about the harassment during arbitration. The lawsuit also alleges the defendants engaged in "abuse of control, gross mismanagement and unjust enrichment." "Signet Jewelers faces new shareholder lawsuit," www.ohio.com (Sep. 1, 2017).