Pomerantz LLP

Please review this complaint. Click to Contact Us about joining this ACTION >>

Questions? Ask Us

Coty Inc.

We are investigating Coty Inc. (COTY) (“Coty”) for potential violations of the federal securities laws.

On July 1, 2019, Coty announced that it would overhaul its operations and write down approximately $3 billion in value of brands that Coty acquired from The Procter & Gamble Company in 2016. Coty advised investors that it expects to incur approximately $600 million in restructuring costs over fiscal years 2020 through 2023. On this news, Coty’s stock price fell $1.81 per share, or 13.51%, to close at $11.59 per share on July 1, 2019.