Portnoy Law: Lawsuit Filed On Behalf of Coty, Inc. Investors

Wednesday, 09. September 2020 14:00

Click here to join the case

LOS ANGELES, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Coty, Inc. ("Coty" or "the Company") (NYSE: COTY) investors that acquired securities between October 10, 2016 and May 28, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the lawsuit, throughout the Class Period the defendants made misleading and/or false statements and/or failed to disclose to investors that: (1) Coty did not have adequate processes and procedures in place to assess and properly value the P&G Specialty Beauty Business and Kylie Cosmetics acquisitions, despite being no stranger to beauty brand acquisitions; (2) Coty had overpaid for the P&G Specialty Beauty Business and Kylie Cosmetics as a result,; (3) Coty did not have the infrastructure necessary to support and smoothly integrate the beauty brands that it acquired from P&G, including an adequate supply chain; (4) Coty was not successfully integrating the beauty brands it acquired from P&G and not delivering synergies from the acquisition as a result of its inadequate infrastructure; and (5) Coty’s financial statements and defendants’ statements about Coty’s business, operations, and prospects, were materially false and/or misleading at all relevant times, as a result of the foregoing. When the true details were made known to the market, the lawsuit claims that investors suffered damages.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar

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