{"id":5609,"date":"2024-04-02T07:18:00","date_gmt":"2024-04-02T00:18:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/04\/02\/2855589\/32719\/en\/Robbins-LLP-Reminds-Stockholders-it-is-Investigating-The-Estee-Lauder-Companies-Inc-EL-and-its-Corporate-Officers-for-Harm-Imposed-on-the-Company-and-its-Investors.html2855589"},"modified":"2024-04-02T07:18:00","modified_gmt":"2024-04-02T00:18:00","slug":"robbins-llp-reminds-stockholders-it-is-investigating-the-estee-lauder-companies-inc-el-and-its-corporate-officers-for-harm-imposed-on-the-company-and-its-investors","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/robbins-llp-reminds-stockholders-it-is-investigating-the-estee-lauder-companies-inc-el-and-its-corporate-officers-for-harm-imposed-on-the-company-and-its-investors\/","title":{"rendered":"Robbins LLP Reminds Stockholders it is Investigating The Estee Lauder Companies Inc. (EL) and its Corporate Officers for Harm Imposed on the Company and its Investors"},"content":{"rendered":"\n

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) — Robbins LLP<\/a> is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE: EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. According to a class action complaint filed in December 2023 against Estee Lauder, 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.<\/p>\n

What Now:<\/strong> For more information about our investigation and your shareholder rights, submit a form<\/a>, email<\/a> Aaron Dumas, Jr., or give us a call at (800) 350-6003.<\/p>\n

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.<\/em><\/strong><\/p>\n

About Robbins LLP<\/strong>: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP<\/a> have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.<\/p>\n

To be notified if a class action against The Estee Lauder Companies Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch<\/u><\/a> today.<\/p>\n

Attorney Advertising. Past results do not guarantee a similar outcome.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) — Robbins LLP\u00a0is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE: EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. 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