Investigation Overview
An investigation on behalf of investors in shares of The Este Lauder Companies Inc. (NYSE: EL) was announced over potential breaches of fiduciary duties by certain officers and directors at The Este Lauder Companies Inc.
The investigation by a law firm concerns whether certain Este Lauder Companies officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based The Este Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance, and hair care products. The Este Lauder Companies Inc. reported that its Total Revenue rose from over $11.82 billion for the 12 months period that ended on June 30, 2017 to over $13.68 billion for the 12 months period that ended on June 30, 2018 and that its Net Income declined from over $1.24 billion to over $1.1 billion over those respective time periods.
Shares of The Este Lauder Companies Inc. (NYSE: EL) declined from $158.16 per share in June 2018 to as low as $124.11 per share in October 2018.