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The Estee Lauder Companies Inc.

Corporate Governance / Derivative

  • Date:
  • 5/12/2025
  • Company Name:
  • The Estee Lauder Companies Inc.
  • Stock Symbol:
  • EL
  • Class Period:
  • FROM 2/3/2022 TO 10/31/2023
  • Status:
  • Investigating
  • Filing Date:
  • 12/7/2023

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against The Estee Lauder Companies Inc. (NYSE: EL) on behalf of long-term stockholders following a class action complaint that was filed against Estee Lauder on December 7, 2023 with a Class Period from February 3, 2022 to October 31, 2023. Our investigation concerns whether the board of directors of Estee Lauder have breached their fiduciary duties to the company.

The Complaint alleges that 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.
 
If you are a long-term stockholder of Estee Lauder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out the form below. There is no cost or obligation to you.
Contact Instructions
Please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com with any questions about this case.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in The Estee Lauder Companies Inc.. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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