Overview

• Estee Lauder is facing multiple investigations from law firms on behalf of investors over potential securities fraud and other unlawful business practices.
• The company has lowered its full year outlook for fiscal 2023 three times, citing COVID-19 restrictions in China, supply chain disruptions, and record-high inflation.
• Estee Lauder's stock price has seen significant drops following each announcement of lowered outlooks.
• Law firms are encouraging investors who purchased shares between August 18, 2022 and May 2, 2023 to join a class action lawsuit against the company.
• The deadline to file a lead plaintiff motion in the securities class action lawsuit is February 5, 2024.