THE WHAT? A class action lawsuit has been filed against The Estee Lauder Companies Inc. in the U.S. District Court for the Southern District of New York. This lawsuit covers all persons and entities who bought or acquired Estee Lauder’s common stock from August 18, 2022, to May 2, 2023.
THE DETAILS The lawsuit claims that Estee Lauder made false and unrealistic statements about the demand for its products and the state of its inventory. These allegations point to the company’s attempts to hide its actual market performance. On May 3, 2023, Estee Lauder reported lower than expected sales and profits, leading to a cut in its fiscal year outlook.
THE WHAT? Following the May 3 announcement, Estee Lauder’s stock price dropped significantly, from $245.22 per share on May 2 to $202.70 per share on May 3. The lawsuit connects this drop to the revelation of the company’s weaker market performance, which contradicted earlier statements.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
