The Complaint alleges that during the Class Period, defendants misled investors with unrealistic and materially false statements about market demand regarding Estee’s products, as well as supply chain issues and mismanagement of inventory levels in the Asia and the United States. 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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