Robbins LLP Reminds Stockholders it is Investigating The Estee Lauder Companies Inc. (EL) and its Corporate Officers for Harm Imposed on the Company and its Investors

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE:EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. According to a class action complaint filed in December 2023 against Estee Lauder, the truth was revealed on May 3, 2023, when Estee Lauder issued a press release announcing weaker sales and profit for the year than estimated and cu ...