The family of Leonard A. Lauder is seeking to sell more than $1 billion of the Estée Lauder Cos. stock. Trusts affiliated with descendants of Lauder are proposing to sell 11,301,323 shares of the company’s Class A common stock, par value $.01 per share, through a proposed registered public offering, the Estée Lauder Cos. said. More from WWD JP Morgan Securities is acting as the sole underwriter of the offering. The selling stockholders will receive all of the proceeds from the offering and not the beaut ...