SKIN - BEAUTY HEALTH DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against The Beauty Health Company and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against The Beauty Health Company ("Beauty Health" or the "Company") (NASDAQ:SKIN) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Beauty Health securities between May 10, 2022 and November 13, 2023, both dates inclusive (the "Class Period"). Investors have until January 16, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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On August 9, 2023, before the market opened, Beauty Health announced that second quarter 2023 gross margin was "unfavorably impacted" by a mix shift "toward lower-margin refurbished devices . . . as U.S. providers awaited Syndeo enhancements in the third quarter 2023 to improve user experience." The Company also announced the "involuntary separation without cause" of Chief Financial Officer ("CFO") Liyuan Woo.
On this news, the Company's shares fell $0.41, or 5.4%, to close at $7.12 per share on August 9, 2023, on unusually heavy ...