Sign In
COTY.US
id: 650

Coty Inc (COTY) $35M Tender Offer Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
Delaware court of Chancery
Court
2019-0336-LWW
Case number
30 Apr 2019
Class period End
29 May 2023
Claim deadline
Coty Inc (COTY) settles $35 million with its shareholders.

Delaware court approved the settlement that brought an end to a class & derivative action over CotyInc's $1.75 billion tender offer in 2019.

You may be entitled to a payout, if:
  1. are currently a record or beneficial owner of share(s) of Coty Inc. (“Coty” or the “Company”) common stock (NYSE: “COTY”), or
  2. were a record holder or beneficial owner of share(s) of Coty common stock issued and outstanding as of February 11, 2019, whose share(s) were accepted for purchase on April 30, 2019, in connection with a Tender Offer or remained outstanding after April 30, 2019.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Massachusetts Laborers’ Pension Fund, Charles Waddell, John Bicanich
Attorneys
Labaton Sucharow LLP, Friedlander & Gorris, P.A., Friedman Oster & Tejtel PLLC, Levi & Korsinsky LLP
Defendants
Erhard Schoewel, Robert Singer, Sabine Chalmers, Pierre Laubies, Joachim Faber, Olivier Goudet, Peter Harf, Anna-Lena Kamenetzky
Administrator
A.B. Data Ltd
Court hearing date
13 June 2023
Objection deadline
29 May 2023
Hearing deadline
29 May 2023
+$35,000,000
Total Settlement Amount

Coty Inc

Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides f...

    Ticker
    COTY.US
    ISIN
    US2220702037
    CIK
    1024305
    Sector
    Consumer Defensive
    Industry
    Household & Personal Products
    Country
    USA
    Address
    350 Fifth Avenue, New York, NY, United States, 10118