Case Summary

Estee Lauder

NYSE: EL

Case Details

  • McAlice v. The Estee Lauder Companies Inc. et al.
  • Class Period:August 18, 2022 - May 02, 2023
  • Date Filed:December 07, 2023
  • Jurisdiction:U.S District Court, Southern District of New York
  • Docket Number: 1:23-cv-10669
  • Lead Plaintiff Deadline: February 5, 2024
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Overview

A class action lawsuit has been filed against The Estee Lauder Companies, Inc., (“Estee Lauder”, “EL”, or the “Company”) (NYSE: EL) and certain of the Company’s top executive officers alleging that they violated the federal securities laws.  The lawsuit seeks to represent all persons and entities who purchased or otherwise acquired publicly traded Estee Luder’s securities between August 18, 2022, and May 02, 2023, inclusive (the “Class Period”).

The Estee Lauder Companies Inc. is a manufacturer, marketer and seller of skin care, makeup, fragrance, and hair care products. Its product categories include skin care, makeup, fragrance, hair care and other.

As alleged in the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning supply chain issues and mismanagement of inventory levels in the Asia and the United States. This caused Plaintiff and other shareholders to purchase Estee’s securities at artificially inflated prices. 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.

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If you purchased or otherwise acquired publicly traded Estee Lauder’s securities between August 18, 2022, and May 02, 2023, inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Estee Lauder lawsuit is February 05, 2024.

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