ESTEE INVESTOR DEADLINE APPROACHING

Rhea-AI Summary

Faruqi & Faruqi, LLP is investigating potential claims against The Estée Lauder Companies Inc. (NYSE: EL) for securities law violations. Investors who suffered losses exceeding $100,000 investing in Estee stock or options between August 18, 2022, and May 2, 2023, are encouraged to contact the firm to discuss their legal rights. The complaint alleges that the company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose important information.

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Estee To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 investing in Estee stock or options between August 18, 2022 and May 2, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/EL.

There is no cost or obligation to you.

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against The Estée Lauder Companies Inc. ("Estee" or the "Company") (NYSE: EL) and reminds investors of the February 5, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: defendants misled investors with unrealistic and materially false statements about market demand Estee's products and its inventory levels. These statements concealed the truth about Estee's weakness in the market until, on May 3, 2023, Estee announced weaker sales and profit for the year than estimated and accordingly cut its fiscal year outlook for a third consecutive time. As a result, the price of Estee stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Estee's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

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SOURCE Faruqi & Faruqi, LLP

FAQ

What is the ticker symbol for The Estée Lauder Companies Inc.?

The ticker symbol for The Estée Lauder Companies Inc. is EL.

When is the deadline to seek the role of lead plaintiff in the federal securities class action against Estee?

The deadline to seek the role of lead plaintiff is February 5, 2024.

What are the allegations against Estée Lauder Companies Inc.?

The allegations include making false and/or misleading statements and/or failing to disclose important information, which violated federal securities laws.

How can investors who suffered losses contact Faruqi & Faruqi, LLP?

Investors who suffered losses exceeding $100,000 can contact Faruqi & Faruqi, LLP by calling partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) or by visiting www.faruqilaw.com/EL.

Where is Faruqi & Faruqi, LLP located?

Faruqi & Faruqi, LLP has offices in New York, Pennsylvania, California, and Georgia.