| [February 25, 2014] |
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INVESTOR ALERT: Shareholder Class Action Lawsuit Against Coty, Inc. Announced by Law Offices of Howard G. Smith
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed in the United States District Court for the Northern District
of California on behalf of all persons or entities who purchased or
otherwise acquired the securities of Coty, Inc. ("Coty" or the
"Company") (NYSE:COTY) pursuant or traceable to Coty's June 13, 2013,
initial public offering.
Coty manufactures, markets and distributes women's and men's fragrances
and skin and body-care related products worldwide. The complaint alleges
that the registration statement and prospectus filed in connection with
the Company's initial public offering were materially misleading or
failed to disclose that:
Sales growth of the Company's nail products had materially declined.
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U.S. and European retailers were "destocking," or returning products
to Coty, rather than selling those products to consumers.
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As a result of destocking and consumption declines, mass retailers
were reducing inventory of Coty products.
If you purchased Coty securities, you have until April 14, 2014, to move
the Court to serve as lead plaintiff. To be a member of the Class you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to [email protected],
or visit our website at http://www.howardsmithlaw.com.
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