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Estée Lauder Company has agreed to a US$210 million settlement

Estée Lauder Company (ELC) has agreed to a US$210 million settlement on a class action lawsuit alleging that the company defrauded shareholders in China, though it still requires approval by US Distri...

May 12, 20267 views
Estée Lauder Company has agreed to a US$210 million settlement
Estée Lauder Company (ELC) has agreed to a US$210 million settlement on a class action lawsuit alleging that the company defrauded shareholders in China, though it still requires approval by US District Judge Arun Subramanian. The suit claims that the ELC was non-transparent about its dependency on grey-market sales in China. — Read more in […]