Schubert Jonckheer & Kolbe LLP announced on August 5, 2025, an investigation into potential legal claims against The Estée Lauder Companies Inc., its former CEO, and former CFO. This follows a U.S. District Court ruling on March 31, 2025, allowing key claims in a securities class action complaint to move forward.
The lawsuit alleges that between February 2022 and October 2023, Estée Lauder misled investors regarding the sustainability of its sales in China. These sales were reportedly partly conducted through prohibited gray-market resellers known as 'daigou'.
The court found that the complaint sufficiently alleged that the defendants made false and misleading statements with an intent to defraud. During the period in question, various company insiders reportedly sold $306 million of Estée Lauder stock.
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