(COTY) Former California Deputy Attorney General and Special Counsel with Johnson Fistel Launches Investigation of Securities Claims Against Coty Inc.
SAN DIEGO, July 1, 2019 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP with the assistance of former California Deputy Attorney General and Special Counsel, Tiffany Johnson, Esq., is investigating potential claims against Coty Inc. (NYSE: COTY) for violations of federal securities laws; resulting from allegations that Coty may have issued materially misleading business information to the investing public. On July 1, 2019, Coty announced that will incur a one-time $600 million cash expense that will be spread across fiscal years 2020 through 2023. The Company also expects to record a $3 billion impairment of its intangible assets, with the final amount to be booked with its fiscal year 2019 earnings. The write-down stems from its acquisition of various brands from Procter & Gamble in 2016. If you are interested in learning more about your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If you email, please include your phone number. Additionally, you can [click here to join this action]. There is no cost or obligation to you. About Johnson Fistel, LLP: Contact: [click here to join this action] SOURCE Johnson Fistel, LLP |
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