Southern District Of New York Denies Motion To Dismiss Putative Securities Class Action Against Cosmetics Company
By EsqSocial Corporation 08/04/25
On March 31, 2025, Judge Arun Subramanian of the United States District Court for the Southern District of New York denied a motion to dismiss a putative securities class action against a cosmetics company (the “Company”), its former CEO, and its CFO, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. In re The Estée Lauder Co., Inc., 23-cv-10669 (S.D.N.Y. Mar. 31, 2025). The Court held that plaintiffs sufficiently pled...
By: A&O Shearman