Hagens Berman Seeks Coty Investors as May 22 Lead-Plaintiff Deadline Nears
The push could decide who leads a potential case, shaping how any claims proceed.
Overview
- Hagens Berman said on May 10, 2026 it is investigating Coty and is urging investors and potential witnesses to come forward before the May 22 lead‑plaintiff deadline.
- The putative case targets trades in Coty stock from November 5, 2025 through February 4, 2026, and a complaint has been filed, though no class has been certified.
- Plaintiffs allege Coty misled investors by hiding a weak Consumer Beauty business, margin pressure from heavier marketing spend, and slowing Prestige fragrance growth.
- Coty’s February 5, 2026 results showed Consumer Beauty operating income fell more than 70% year over year and Prestige fell more than 18%, and the company withdrew its full‑year EBITDA and free‑cash‑flow guidance as shares dropped over 8% that day.
- Investigators say they are also looking at whether earlier destocking played a role and at the sudden December 12, 2025 exit of CEO Sue Y. Nabi, and any lead‑plaintiff appointment could set the strategy and scope for the case.