INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Coty Inc.
July 03 2019 - 07:55PM
Business Wire
The law firm of Kirby McInerney LLP is
investigating potential claims against Coty Inc. (“Coty” or the
“Company”) (NYSE: COTY). This investigation concerns
whether Coty has violated federal securities laws and/or engaged in
other unlawful business practices.
On July 1, 2019, Coty announced that it would overhaul its
operations and write down approximately $3 billion in value of
brands that Coty acquired from The Procter & Gamble Company in
2016. Coty advised investors that it expects to incur approximately
$600 million in restructuring costs over fiscal years 2020 through
2023. On this news, the price of Coty shares fell $1.81 per share,
or 13.5%, to close at $11.59 on July 1, 2019.
If you acquired Coty securities, have information, or would like
to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this
contact form, to discuss your rights or interests with
respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’
law firm concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190703005528/en/
Kirby McInerney LLP Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com www.kmllp.com
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