Investigation announced for Investors in The Estée Lauder Companies Inc. (NYSE: EL) over potential Wrongdoing

An investigation was announced on behalf of current long-term investors in shares of The Estée Lauder Companies Inc. (NYSE: EL) concerning potential breaches of fiduciary duties by certain directors of The Estée Lauder Companies Inc..

Investors who are current long term investors in The Estée Lauder Companies Inc. (NYSE: EL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: EL stocks follows a lawsuit filed against The Estée Lauder Companies Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: EL stocks, concerns whether certain The Estée Lauder Companies Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants misled investors with unrealistic and materially false statements about market demand Estee's products and its inventory levels and that 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.

Those who purchased shares of The Estée Lauder Companies Inc. (NYSE: EL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.