The Estée Lauder Companies Inc. recently announced a
quarterly dividend of $.66 per share. However, several law firms including Robbins LLP, Bronstein, Gewirtz & Grossman LLC, and the Pomerantz Law Firm are investigating the actions of the Estee Lauder Companies for potential
securities fraud and have issued shareholder alerts. These law firms represent shareholders who feel their rights may have been violated. Estée Lauder is also facing an
expanded securities class action lawsuit, which eligible shareholders are invited to join. Amid these developments, the
stock price of the beauty products manufacturer dipped significantly. Despite these challenges, Estée Lauder recently held its
annual meeting of stockholders. They also managed to beat a
BIPA (Biometric Information Privacy Act) lawsuit regarding a makeup try-on feature. Some shareholders remain optimistic due to Estée Lauder's
strong business model, although concerns regarding overvaluation persist.
The Estee Lauder Companies Class A EL News Analytics from Thu, 09 Jul 2020 07:00:00 GMT to Wed, 01 May 2024 07:00:00 GMT -
Rating -7
- Innovation -5
- Information 5
- Rumor -6
