SHAREHOLDER ALERT: Levi & Korsinsky Notifies The Estee Lauder Companies Inc. (EL) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Jan. 30, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Estee investors who were adversely affected by alleged securities fraud between August 18, 2022 and May 2, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/este-lawsuit-submission-form?prid=65132&wire=4

EL investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, 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.

WHAT'S NEXT? If you suffered a loss in Estee during the relevant time frame, you have until February 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.