going skin deeP: 4 THINGS you need TO KNOW ABOUT the ESTEE LAUDER LAWSUIT

INTRODUCTION TO THE ESTEE LAUDER LAWSUIT

​The Estee Lauder lawsuit seeks to represent purchasers or acquirers of The Estee Lauder Companies, Inc. (NYSE: EL) common stock between August 18, 2022 and May 2, 2023, inclusive (the “Class Period”).  Captioned McAlice v. The Estee Lauder Companies, Inc., No. 23-cv-10669 (S.D.N.Y.), the Estee Lauder lawsuit charges Estee Lauder and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
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If you suffered losses in Estee Lauder stock and wish to serve as lead plaintiff in the Estee Lauder lawsuit please contact Estee Lauder Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Estee Lauder lawsuit must be filed with the court no later than February 5, 2024.

Read on as we will discuss four things every Estee Lauder investor needs to know about the Estee Lauder lawsuit.

the ALLEGATIONS IN THE ESTEE LAUDER LAWSUIT

Estee Lauder manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide.

The Estee Lauder investor alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Estee Lauder was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, and increased inventory levels. 

The Estee Lauder lawsuit further alleges that on November 2, 2022, Estee Lauder announced it was lowering full year outlook for fiscal year 2023 and further revealed a reduction in net sales.  Estee Lauder attributed this decline to headwinds from the COVID-19 restrictions in China, supply chain disruptions, and record-high inflation. The Estee Lauder lawsuit alleges that on this news, the price of Estee Lauder common stock fell more than 8%.

The complaint further alleges that on February 2, 2023, Estee Lauder announced that despite meeting second quarter expectations, Estee Lauder was again lowering its outlook for fiscal year 2023 due to COVID-19 headwinds.  On this news, the price of Estee Lauder common stock fell nearly 7% over three trading sessions, according to the complaint.

Finally, the Estee Lauder lawsuit alleges that on May 3, 2023, Estee Lauder disclosed weaker sales and profit for the year than estimated and accordingly cut its fiscal year outlook for a third consecutive time.  The complaint alleges that on this news, the price of Estee Lauder common stock fell more than 17%

THE LEAD PLAINTIFF DEADLINE IN THE ESTEE LAUDER LAWSUIT

Serving as a Lead Plaintiff in the Estee Lauder lawsuit has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred in the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Estee Lauder if you suffered significant losses in Estee Lauder lawsuit. ​

THE CLASS PERIOD DETERMINATION IN THE ESTEE LAUDER LAWSUIT

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
To be a part of the class in the Estee Lauder lawsuit, you must have suffered losses in Estee Lauder stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Estee Lauder​​.  ​

THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE ESTEE LAUDER LAWSUIT

​​​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Estee Lauder​​ lawsuit.

CONTACT AN ESTEE LAUDER STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ESTEE LAUDER STOCK ABOUT A ESTEE LAUDER​ CLASS

​If you suffered losses in Estee Lauder​ stock, contact Estee Lauder​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an Estee Lauder​ lawsuit. Call today and see what an Estee Lauder​ stock loss lawyer could do for you if you suffered losses in Estee Lauder​ ​stock.

CONTACT AN ESTEE LAUDER STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ESTEE LAUDER STOCK ABOUT A ESTEE LAUDER​ CLASS

​If you suffered losses in Estee Lauder​ stock, contact Estee Lauder​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an Estee Lauder​ lawsuit. Call today and see what an Estee Lauder​ stock loss lawyer could do for you if you suffered losses in Estee Lauder​ ​stock.

Estee Lauder​ stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
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