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Signet shares plummet after discrimination claims surface

NEW YORK (CNNMoney) -- Trading in Signet Jewelers was halted briefly Tuesday morning following reports of a sexual discrimination case against the company, which owns Kay Jewelers and Jared the Galleria of Jewelry.

Before Signet stopped trading, shares fell by more than 8%. When trading resumed shortly after noon, it continued to fall. Overall, shares fell by 12.8% Tuesday.

The arbitration has been ongoing since 2008 and now represents 69,000 former and current Sterling employees.

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