Law Offices of Howard G. Smith announces the continuation of its investigation on behalf of Coty Inc. (Coty or the Company) (NYSE: COTY) investors concerning the Company and its officers possible violations of federal securities laws.
On July 1, 2019, the Company disclosed a $3 billion impairment charge related to brands that Coty had acquired from Proctor & Gamble Co. in 2016 for nearly $12 billion. Earlier this year, the Company had recorded a $965 million impairment charge in connection with its second quarter 2019 financial results.
On this news, the Companys share price fell $1.81, or nearly 14%, to close at $11.59 on July 1, 2019, thereby injuring investors.
If you purchased Coty securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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