Estee Lauder reaches $210 million settlement of lawsuit over China sales
07/05/2026 19:49
NEW YORK, May 7 (Reuters) - Estee Lauder EL.N has reached a $210 million settlement of a lawsuit accusing the cosmetic giant of defrauding shareholders by concealing its over dependence on improper gray-market sales in China. A preliminary settlement was filed on Thursday in Manhattan federal court, and requires court approval. (Reporting by Jonathan Stempel in New York; Editing by Chris Reese) ((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))