|By Marketwired .||
|March 5, 2014 08:07 PM EST||
NEW YORK, NY -- (Marketwired) -- 03/05/14 -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Coty, Inc. ("Coty" or the "Company") (NYSE: COTY) of the April 14, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Coty, certain executives and directors of Coty, and the underwriters of the Company's Initial Public Offering ("IPO").
A complaint has been filed on behalf of all persons who purchased or otherwise acquired Coty securities pursuant and/or traceable to the Company's June 13, 2013 IPO in the Southern District of New York.
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that Defendants made false and/or misleading statements and/or failed to disclose that during the quarter prior to the IPO: (i) consumption of Coty's products was materially declining to the point that products were being returned from retailers and (ii) Sally Hansen and the Company's other nail products had experienced a material decline leading to the sales of those products being flat and were negative in July 2013. Additionally, Coty failed to disclose that mass retailers were not refilling inventory, or were restocking a smaller amount of inventory, which was a material negative trend that would indicate a material decline in the Company's revenue.
Since the IPO, Coty's common stock price dropped $4.67 per share, or over 26%, hitting a low of $12.83 per share on February 5, 2014.
Request more information now by clicking here: www.faruqilaw.com/COTY. There is no cost or obligation to you.
If you invested in Coty stock or options pursuant and/or traceable to the Company's June 13, 2013 IPO and would like to discuss your legal rights, visit www.faruqilaw.com/COTY. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Coty's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 6, 2016 01:00 AM EST Reads: 1,836
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 12:45 AM EST Reads: 799
Dec. 6, 2016 12:30 AM EST Reads: 3,855
Dec. 6, 2016 12:30 AM EST Reads: 1,189
Dec. 6, 2016 12:30 AM EST Reads: 4,568
Dec. 6, 2016 12:00 AM EST Reads: 851
Dec. 5, 2016 11:45 PM EST Reads: 4,290
Dec. 5, 2016 10:45 PM EST Reads: 2,069
Dec. 5, 2016 10:30 PM EST Reads: 975
Dec. 5, 2016 10:30 PM EST Reads: 1,051
Dec. 5, 2016 09:00 PM EST Reads: 4,953
Dec. 5, 2016 08:45 PM EST Reads: 494
Dec. 5, 2016 07:45 PM EST Reads: 2,224
Dec. 5, 2016 07:45 PM EST Reads: 2,087
Dec. 5, 2016 07:15 PM EST Reads: 5,053