Coty shareholder suits filed

Coty is facing a securities class action after investor law firms began soliciting shareholders over alleged misstatements tied to the beauty company’s late-2025 outlook. (prnewswire.com) Hagens Berman said the proposed class covers investors who bought Coty stock between November 5, 2025 and February 4, 2026, and that the court’s deadline to seek lead-plaintiff status is May 22, 2026. (prnewswire.com) The Law Offices of Frank R. Cruz issued a separate reminder on April 15, 2026 saying class actions had been filed for Coty shareholders and repeating the same May 22, 2026 lead-plaintiff deadline. (globenewswire.com) These notices do not decide the merits of the case. They are part of the early stage of a securities class action, when firms compete to recruit investors before a judge picks a lead plaintiff to run the case. (prnewswire.com) The allegations center on Coty’s November 5, 2025 first-quarter report, when the company said fiscal 2026 trends were improving and reaffirmed a full-year adjusted earnings before interest, taxes, depreciation and amortization target of $1 billion. (businesswire.com) By February 5, 2026, Coty withdrew that $1 billion target and its free-cash-flow guidance, reported quarterly operating income of $148.2 million, down 45% year over year, and said it was continuing a strategic review of Consumer Beauty. (coty.com) Hagens Berman said Coty shares fell more than 8% on February 5 after that earnings report and after the earlier departure of Chief Executive Officer Sue Nabi. Levi & Korsinsky said the stock fell from $3.43 to $2.66, a one-day drop of 22%, and named Nabi and Chief Financial Officer Laurent Mercier as individual defendants in its notice. (prnewswire.com 1) (prnewswire.com 2) Coty told investors on February 5 that second-quarter results were “broadly in line with expectations,” highlighted lower debt and leverage, and said interim chief executive Markus Strobel was launching a new strategy called “Coty. Curated.” (coty.com) The company’s business is split between Prestige and Consumer Beauty, and the lawsuit notices focus on whether Coty gave investors a fair picture of weakness in mass-market cosmetics, slower fragrance momentum, and margin pressure from higher marketing spending. (prnewswire.com) (coty.com) More firms are likely to keep circulating reminders before May 22. The next real milestone is not another press release, but the court’s selection of a lead plaintiff and the filing of a consolidated complaint. (prnewswire.com)