San Diego, CA -- (SBWire) -- 10/13/2016 --Certain directors of Coty Inc are under investigation over potential misconduct. The investigation was announced on behalf of current long-term investors in NYSE:COTY shares over potential breaches of fiduciary duties by certain directors at Coty Inc.
Investors who purchased shares of Coty Inc (NYSE:COTY) and currently hold any of those NYSE:COTY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Coty directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 17, 2013 Coty issued its first financial results as a public company, reporting the Company's fourth quarter and fiscal year 2013 financial results for the period ending June 30, 2013. Coty Inc (NYSE:COTY) reported that its Total Revenue increased from over $4.61 billion for the 12 months period that ended on June 30, 2012, to over $4.64 billion for the 12 months period that ended on June 30, 2013, and that its Net loss of $324.40 million for the 12 months period that ended on June 30, 2012 turned into a Net Income of $168.00 million for the 12 months period that ended on June 30, 2013. In Coty's September 17, 2013 press release the Company stated that "over the past few months the Company has seen a deceleration of market growth in the U.S. and Europe, triggering significant destocking activity, particularly by U.S. mass retailers." Further, the Company said it expects a marginal decline in revenues in the first quarter of fiscal 2014.
Those who purchased shares of Coty Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Investigation for Investors of Coty Inc (NYSE:COTY) over Potential Misconduct by Certain Directors Announced
An investigation on behalf of investors in Coty Inc (NYSE:COTY) shares over potential wrongdoing at Coty Inc was announced and NYSE:COTY stockholders should contact the Shareholders Foundation.