Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Estee Lauder Companies, Inc. (EL)
The Complaint alleges that Defendants misled investors with unrealistic and materially false statements about market demand Estee Lauder’s products and its inventory levels.
- The Complaint alleges that Defendants misled investors with unrealistic and materially false statements about market demand Estee Lauder’s products and its inventory levels.
- As a result, the price of Estee Lauder stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.
- Investors who purchased or otherwise acquired shares of Estee Lauder should contact the Firm prior to the February 5, 2024 lead plaintiff motion deadline.
- If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq.