SAN DIEGO, June 2, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Coty Inc. ("Coty" or the "Company") (NYSE: COTY).
On November 18, 2019, Coty announced that it had taken a majority stake in Kylie Cosmetics. The transaction gave Coty a 51% stake in the makeup company for $600 million.
On May 29, 2020, Forbes reported that Kylie Jenner allegedly provided the magazine with misleading financial information about her cosmetics brand, and "Coty paid up for a 'high-growth' brand that is actually a much smaller business than it was just a few years ago."
If you have information that could assist in this investigation, including past employees and others, or if you are a Coty shareholder and are interested in learning more about the investigation, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP