NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Attention The Estee Lauder Companies Inc. ("Estee") (NYSE: EL) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between August 18, 2022 and May 2, 2023.
If you suffered a loss on your investment in Estee, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/este-class-action-submission-form/?prid=64614&wire=4
ABOUT THE ACTION: According to the complaint, defendants misled investors with unrealistic and materially false statements about market demand Estee's products and its inventory levels. 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. As a result, the price of Estee stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.
DEADLINE: February 5, 2024
Aggrieved Estee investors only have until February 5, 2024 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong
