LOS ANGELES--(BUSINESS WIRE)--
Glancy Binkow & Goldberg LLP reminds investors in Coty, Inc. (“Coty” or the “Company”) (COTY) that all purchasers of Coty securities pursuant or traceable to the Company’s June 13, 2013, initial public offering, have until April 14, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
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 pursuant to the Company’s June 13, 2013, initial public offering, you may move the Court no later than April 14, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. 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.
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