Signet shares plummet after discrimination claims surface
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.
Hundreds of complai...