LEGAL GUIDES FOR INVESTORS
If you suffered losses in Estee Lauder stock, contact Estee Lauder stock loss lawyer Timothy L. Miles about an Estee Lauder class action 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.
If you suffered losses in Estee Lauder lawsuit 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.
In this investor synopsis, we will discuss what every Estee Lauder investor needs to know about the Estee Lauder investor.
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 investor 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 investor 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 investor 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%
WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE ESTEE LAUDER LAWSUIT?
Serving as a Lead Plaintiff in the Estee Lauder investor has several advantages and important benefits including:
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 investor.
RESPONSIBILITIES THE LEAD PLAINTIFF will HAVE IN THE ESTEE LAUDER LAWSUIT
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the Estee Lauder lawsuit. Some of the responsibilities of the Lead Plaintiff in the Estee Lauder lawsuit include:
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.
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.
HOW MUCH CAN you GET OUT OF THE ESTEE LAUDER CLASS ACTION LAWSUIT?
In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in Estee Lauder stock. Contact an Estee Lauder stock loss lawyer who could explain your losses in greater detail 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. Milesâ€™ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-HubbellÂ® 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-HubbellÂ®, 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,â€‹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-HubbellÂ® and ALM (2019-2022); Americaâ€™s Most Honored Lawyers 2020 â€“ Top 1% by Americaâ€™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.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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