LOS ANGELES--(BUSINESS WIRE)--
Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed on behalf of all purchasers of the securities of Coty, Inc. (“Coty” or the “Company”) (COTY) pursuant or traceable to the Company’s June 13, 2013, initial public offering.
For more information, please contact us toll-free at (888) 773-9224, or at (212) 682-5340, or by email to email@example.com to discuss this matter.
Coty manufactures, markets and distributes women’s and men’s fragrances and skin and body-care related products worldwide. The complaint filed in the United States District Court for the Northern District of California alleges that the registration statement and prospectus filed in connection with the Company’s initial public offering were materially misleading or failed to disclose that:
- Sales growth of the Company’s nail products had materially declined.
- U.S. and European retailers were “destocking,” or returning products to Coty, rather than selling those products to consumers.
- As a result of destocking and consumption declines, mass retailers were reducing inventories of Coty products.
If you purchased Coty securities, you have until April 14, 2014, to move the Court to serve as lead plaintiff. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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