Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 04/04/2019 (Ongoing date of last review)

Filing Date: April 03, 2019

According to the Complaint, in its SEC filings, Coty describes itself as a multi-segmented beauty company with
market positions in both North America and Europe. Coty maintains strong positions in fragrances,
professional salon hair color & styling, and color cosmetics.

On February 12, 2019, Coty announced that JAB Holdings Company ("JAB"), through its affiliate Cottage Holdco, intended to commence an all cash tender offer in which JAB would seek to acquire 150 million shares of Company common stock at a purchase price of $11.65 per share (the “Tender Offer”).

Coty filed a Schedule 14D-9 Solicitation/Recommendation Statement (the “14D-9”) with the SEC on February 27, 2019, without the recommendation of a Special Committee that had been formed to consider the Tender Offer. On March 18, 2019, Coty amended the 14D-9 (the “14D-9/A”) recommending that Coty’s stockholders tender their shares for the Tender Offer price.

The Complaint alleges that the 14D-9/A is materially false and/or misleading because it fails to disclose certain material projected internal financial information about the Company, relied on by the Individual Defendants to recommend the Tender Offer and certain inputs underlying certain valuation methodologies employed by the Company’s financial advisor in their financial analyses that support the fairness opinions. The Complaint alleges that these omissions render the projected financial disclosures and the summary of the fairness opinion in the 14D-9/A incomplete and/or misleading.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: COTY
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 19-CV-00628
JUDGE: Hon. Leonard P. Stark
DATE FILED: 04/03/2019
CLASS PERIOD START: 02/12/2019
CLASS PERIOD END: 04/03/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (Wilmington)
    20 Montchanin Road, Suite 145, Faruqi & Faruqi LLP (Wilmington), DE 19807
    (302) 482-3182 (302) 482-3612 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available