Recent Security Class Actions

Estee Lauder Companies Inc. (The) Common Stock (NYSE: EL)

Company Name:Estee Lauder Companies Inc. (The) Common Stock
Stock Symbol:NYSE: EL
Class Period Start:02/03/2022
Class Period End (inclusive):10/31/2023
Filing Deadline:02/05/2024

The Complaint alleges that during the Class Period, Defendants misled investors with unrealistic and materially false statements about market demand Estee's products and its inventory levels and that 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. The price of Estee stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.