The Estée Lauder Companies Inc. (NYSE: EL) Investor Reminder: Schubert Jonckheer Investigating Possible False Claims, $306 Million in Stock Sales
Estée Lauder (NYSE: EL) faces legal scrutiny as Schubert Jonckheer & Kolbe LLP investigates potential legal claims regarding alleged false statements about the company's sales practices in China. A federal judge has allowed key claims in a securities class action to proceed, focusing on allegations that Estée Lauder misled investors between February 2022 and October 2023 about its reliance on prohibited gray-market sales through daigou resellers in China.
The investigation highlights significant insider stock sales totaling $306 million during this period. After revelations about China's crackdown on daigou affecting sales, Estée Lauder's stock dropped 19% in November 2023. The law firm is now investigating potential wrongdoing by the company's directors and officers.
Estée Lauder (NYSE: EL) è sotto indagine legale mentre lo studio Schubert Jonckheer & Kolbe LLP esamina possibili azioni legali riguardanti presunte dichiarazioni false sulle pratiche di vendita dell'azienda in Cina. Un giudice federale ha autorizzato il proseguimento di reclami chiave in una class action sui titoli, concentrandosi sulle accuse secondo cui Estée Lauder avrebbe fuorviato gli investitori tra febbraio 2022 e ottobre 2023 riguardo alla sua dipendenza da vendite sul mercato grigio vietato tramite rivenditori daigou in Cina.
L'indagine mette in luce significative vendite di azioni interne per un totale di 306 milioni di dollari in questo periodo. Dopo le rivelazioni sul giro di vite cinese sui daigou che ha influenzato le vendite, le azioni di Estée Lauder sono scese del 19% a novembre 2023. Lo studio legale sta ora indagando su possibili illeciti da parte dei direttori e dirigenti dell'azienda.
Estée Lauder (NYSE: EL) enfrenta un escrutinio legal mientras Schubert Jonckheer & Kolbe LLP investiga posibles demandas relacionadas con supuestas declaraciones falsas sobre las prácticas de ventas de la compañía en China. Un juez federal ha permitido que continúen reclamos clave en una demanda colectiva de valores, centrándose en las acusaciones de que Estée Lauder engañó a los inversionistas entre febrero de 2022 y octubre de 2023 sobre su dependencia de ventas prohibidas en el mercado gris a través de revendedores daigou en China.
La investigación destaca ventas internas significativas de acciones por un total de 306 millones de dólares durante este período. Tras las revelaciones sobre la represión de China contra los daigou que afectó las ventas, las acciones de Estée Lauder cayeron un 19% en noviembre de 2023. El bufete ahora investiga posibles irregularidades por parte de los directores y ejecutivos de la empresa.
에스티 로더 (NYSE: EL)는 중국 내 판매 관행에 관한 허위 진술 의혹과 관련하여 Schubert Jonckheer & Kolbe LLP가 잠재적 법적 청구를 조사하면서 법적 조사를 받고 있습니다. 연방 판사는 증권 집단 소송에서 핵심 청구를 진행하도록 허용했으며, 2022년 2월부터 2023년 10월까지 에스티 로더가 중국 내 다이구 재판매업자를 통한 금지된 그레이 마켓 판매에 의존했다고 투자자들을 오도했다는 주장에 초점을 맞추고 있습니다.
조사에서는 이 기간 동안 총 3억 600만 달러에 달하는 중요한 내부자 주식 매각이 강조되고 있습니다. 다이구 단속으로 인한 판매 영향이 드러난 후, 에스티 로더 주가는 2023년 11월에 19% 하락했습니다. 법률 사무소는 현재 회사 이사 및 임원의 부정 행위 가능성을 조사 중입니다.
Estée Lauder (NYSE : EL) fait l'objet d'un examen juridique alors que Schubert Jonckheer & Kolbe LLP enquête sur d'éventuelles réclamations légales concernant des déclarations présumées fausses sur les pratiques commerciales de la société en Chine. Un juge fédéral a autorisé la poursuite des principales revendications dans une action collective en valeurs mobilières, se concentrant sur les allégations selon lesquelles Estée Lauder aurait induit en erreur les investisseurs entre février 2022 et octobre 2023 sur sa dépendance à des ventes interdites sur le marché gris via des revendeurs daigou en Chine.
L'enquête met en lumière d'importantes ventes d'actions internes totalisant 306 millions de dollars durant cette période. Après les révélations concernant la répression chinoise des daigou affectant les ventes, le cours de l'action Estée Lauder a chuté de 19 % en novembre 2023. Le cabinet d'avocats enquête désormais sur d'éventuelles fautes commises par les administrateurs et dirigeants de la société.
Estée Lauder (NYSE: EL) steht unter rechtlicher Beobachtung, da Schubert Jonckheer & Kolbe LLP mögliche Rechtsansprüche im Zusammenhang mit angeblich falschen Aussagen über die Vertriebspraktiken des Unternehmens in China untersucht. Ein Bundesrichter hat wichtige Ansprüche in einer Wertpapier-Sammelklage zugelassen, die sich auf Vorwürfe konzentriert, dass Estée Lauder zwischen Februar 2022 und Oktober 2023 Investoren über die Abhängigkeit von verbotenen Graumarktverkäufen durch Daigou-Händler in China getäuscht hat.
Die Untersuchung hebt erhebliche Insider-Aktienverkäufe in Höhe von insgesamt 306 Millionen US-Dollar während dieses Zeitraums hervor. Nach Enthüllungen über Chinas Vorgehen gegen Daigou-Verkäufe, die die Umsätze beeinträchtigten, fiel die Aktie von Estée Lauder im November 2023 um 19%. Die Kanzlei untersucht nun mögliche Fehlverhalten von Direktoren und Führungskräften des Unternehmens.
- None.
- Legal investigation into alleged false statements about China sales practices
- Securities class action lawsuit moving forward against company and former executives
- Significant insider stock sales of $306 million during controversial period
- 19% stock price decline following revelations about declining sales in China
- Alleged misleading statements about sustainability of China sales through prohibited channels
Insights
Judge allowed securities fraud lawsuit against Estée Lauder to proceed, concerning allegations about hidden reliance on prohibited Chinese gray-market sales.
The ruling by Judge Arun Subramanian of the Southern District of New York represents a significant legal development for Estée Lauder. The court has allowed key claims to proceed in a securities class action alleging the company misled investors about its dependence on prohibited gray-market sales channels in China called "daigou" between February 2022 and October 2023.
The court found sufficient basis that Estée Lauder, its former CEO, and former CFO potentially made false and misleading statements with intent to defraud investors regarding the sustainability of their China sales. This ruling surpasses the typically high pleading standards for securities fraud claims, indicating the allegations have substantive merit warranting further judicial scrutiny.
Particularly concerning is the
Law firm Schubert Jonckheer & Kolbe's investigation signals potential derivative litigation against directors and officers for breach of fiduciary duties, separate from the existing securities class action. The case illustrates heightened regulatory scrutiny of cross-border sales practices and disclosure obligations for companies with significant exposure to the Chinese market.
On March 31, 2025, Judge Arun Subramanian of the
We are investigating potential wrongdoing by Estée Lauder's directors and officers in connection with these allegations.
If you own stock in Estée Lauder, you may have legal options. Visit our website at https://www.classactionlawyers.com/esteelauderupdate to learn more.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers in class actions against corporate defendants, as well as shareholders in derivative actions against officers and directors. The firm is based in
Contact
Dustin L. Schubert
dschubert@schubertlawfirm.com
Tel: (415) 788-4220
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SOURCE Schubert Jonckheer & Kolbe LLP
FAQ
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