From StockTwits: 2025-04-02 02:28:00

Estee Lauder Cos. Inc (EL) is facing a class-action lawsuit for allegedly hiding its reliance on gray-market sales in China, causing financial harm to shareholders. The lawsuit covers the period from Feb. 3, 2022, to Oct. 31, 2023, and accuses the company of misleading omissions related to the negative impact of a government crackdown on the gray market. The stock dropped 17% in May 2023 after weak sales and profit outlook cuts. Retail sentiment on Stocktwits has turned bearish, with users speculating on the stock’s future. Estee Lauder is a global cosmetics company with brands like MAC and Clinique, and its shares are down 9.5% year to date.



Read more at StockTwits: Retail Investors Turn Bearish On Estee Lauder After Judge Allows Class-Action Lawsuit To Proceed