NEW
YORK, Jan. 26, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of The
Estee Lauder Companies Inc. .
Shareholders who purchased shares of EL during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/este-loss-submission-form/?id=64781&from=4
CLASS PERIOD: August 18,
2022 to May 2, 2023
ALLEGATIONS: According to the complaint, 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.
DEADLINE: February 5, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/este-loss-submission-form/?id=64781&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of EL during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is February 5, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm