Estee Lauder faces US legal challenge over China sales practices
By Jonathan Stempel NEW YORK (Reuters) – Estee Lauder must face a lawsuit accusing the cosmetic giant of defrauding shareholders by concealing its overdependence on improper gray-market sales in China, a federal judge in Manhattan ruled on Monday. U.S. District Judge Arun Subramanian said shareholders identified “several misleading omissions” and “half-truths” in Estee disclosures, related…
