Coty Investors Face May 22 Deadline to Seek Lead Role in Securities Case
Plaintiffs say February earnings exposed a slowdown Coty hid.
Overview
- Investor law firms, in Thursday notices, urged Coty shareholders to ask a court by May 22 to serve as lead plaintiff.
- The putative class covers stock bought from November 5, 2025 through February 4, 2026, a window the complaints say included upbeat guidance that hid slowing growth.
- Plaintiffs point to a December 12 CEO exit and the February 5 earnings, which revealed a Consumer Beauty operating‑income drop of over 70 percent, an over 18 percent decline in Prestige, and a withdrawal of full‑year EBITDA and free cash flow guidance.
- The complaints allege false or misleading statements about underperforming Consumer Beauty, margin pressure from higher marketing spend, and slowing Prestige fragrance growth.
- Filings cite alleged violations of federal securities laws, including Sections 10(b) and 20(a) and SEC Rule 10b‑5, note that no class is certified, and report share losses that included a two‑day 22.45 percent drop to $2.66.