SAN DIEGO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired The Estee Lauder Companies, Inc. (NYSE:EL) securities between August 18, 2022 and May 2, 2023. Estee Lauders manufactures, markets, and sells skin care, makeup, fragrance, and hair care.
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What is this Case About: The Estee Lauder Companies, Inc. (EL) Misled Investors Regarding Market Demand
According to the complaint, during the class period, defendants misled investors with unrealistic and materially false statements about market demand and its inventory levels. However, the truth was revealed on May 3, ...