HBW Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Estee Lauder settles suit

This article was originally published in The Rose Sheet

Executive Summary

Pretax charge of $22 mil. or $13.5 mil. after tax will be taken in the fiscal fourth quarter ended June 30, 2003 in connection with the settlement of a class action lawsuit, Lauder states in a Security and Exchange Commission filing July 17. Charge will not have "material adverse effect on the company's financial situation," firm notes. Lauder entered settlement agreement July 16 with consumers of prestige cosmetics who claimed high-end cosmetic manufacturers and department stores were involved in price-fixing. Case has been pending in a California superior court since 1998. Lauder has not admitted any wrongdoing, but states it settled to avoid protracted and costly litigation...

Related Content

Cosmetics settlement approved
Cosmetics settlement
Cosmetics price-fixing settlement



Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts