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The U.S. added an estimated 178,000 jobs in March, rebounding from unexpectedly large job losses in February, according to data released Friday morning. March’s gains were about three times what economists expected, and the unemployment rate edged down to 4.3%. Why the March jobs report matters Market watchers generally viewed…
Coty Inc. (NYSE: COTY) is facing a securities class action lawsuit seeking to represent investors who purchased or otherwise acquired the company’s common stock between November 5, 2025 and February 4, 2026.
The case follows Coty’s February 5, 2026 Q2 2026 earnings report, which highlighted serious operational issues, and the abrupt departure of CEO Sue Y. Nabi. The news drove Coty shares down more than 8% on the day.
The lawsuit, brought by Hagens Berman, centers on the propriety of Coty’s disclosures regarding business trends across its two operating segments: Prestige and Consumer Beauty.
According to the complaint, Coty made allegedly false and misleading statements while failing to disclose that the Consumer Beauty market was underperforming, margins were compressed due to increased marketing investments, and Prestige fragrance growth was slowing.
On November 5, 2025, alongside Coty’s Q1 2026 financial results, the company told investors it expected improvement in sales trends over fiscal 2026. The company also reaffirmed its fiscal 2026 adjusted EBITDA target of $1 billion, with CEO Sue Y. Nabi stating: “we remain laser focused on strengthening our profitability and balance sheet, with our fiscal year 2026 business trends steadily improving in line with our expectations.”
The complaint alleges that investors later learned of developments inconsistent with those assurances. On December 12, 2025, Coty announced the departure of CEO Nabi without explanation, and the stock fell significantly.
On February 5, 2026, Coty reported Q2 2026 results. The company disclosed that Consumer Beauty operating income fell by more than 70% year over year. Prestige operating income also declined, falling by more than 18% year over year. Coty additionally withdrew its FY 2026 EBITDA and free cash flow guidance.
During the earnings call on February 5, 2026, management said: “For Q3, we expect like-for-like revenue trends to decline mid-single digits, driven primarily by bigger declines in Consumer Beauty.” Management also stated that headwinds from retailer destocking “significantly reduced” in the quarter, while the promotional environment intensified through the holiday period and “remains elevated,” which it described as a headwind to net sales and, by extension, gross margin.
Hagens Berman said it is investigating whether Coty intentionally misled investors about segment business trends and whether the year-over-year softness might be related to earlier reported destocking issues. The firm also said it is looking into the circumstances surrounding Nabi’s abrupt and unexplained departure.
The firm urged investors who suffered significant losses to submit their losses. It also encouraged witnesses with information that may assist the investigation to contact its attorneys.
The firm also referenced the SEC Whistleblower program, stating that whistleblowers who provide original information may receive rewards totaling up to 30% of any successful recovery made by the SEC.
SOURCE Hagens Berman Sobol Shapiro LLP
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
