1. Moore Law is investigating claims against Estee Lauder for misleading investors. 2. Estee Lauder's stock price fell approximately 70% since May 2023. 3. Investors may seek damages for false statements about demand and inventory.
The ongoing investigation indicates significant legal troubles for Estee Lauder, leading to investor distrust, similar to past scandals that significantly impacted stock performance.
The article signals serious legal risks and potential financial impacts, crucial for investor sentiment surrounding EL.
The immediate attention on legal issues can trigger further declines in stock prices, recalling the swift reactions to corporate scandals.
Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:
Investors who purchased shares of Estee Lauder Companies Inc. (NYSE: EL) securities before August 18, 2022 and continue to hold any of those shares should contact [email protected] or call (212) 709-8245.
Estee Lauder manufactures, markets, and sells skin care, makeup, fragrance, and hair care. The Estee Lauder Companies Inc. (EL) may have misled investors regarding market demand by providing unrealistic and materially false statements about demand and inventory levels.
The truth was revealed on May 3, 2023 when Estee Lauder issued a press release announcing weaker sales and profit for the year than estimated and cut its fiscal year outlook for the third consecutive time. As a result, the price of Estee Lauder stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.
The stock has continued to steadily fall from $202.70 per share on May 3, 2023 to $68.63 on April 2, 2025, approximately 70%.
If you own ESTEE LAUDER COMPANIES INC. (NYSE: EL) shares, you are encouraged to contact us at [email protected] or call (212) 709-8245. You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Moore Law is a NYC plaintiff contingency litigation law firm for investors. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate misconduct.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
(212) 709-8245
[email protected]
www.fmoorelaw.com
SOURCE Moore Law PLLC