Estee Lauder reaches $210 million settlement of lawsuit over China sales

Estee Lauder Companies Inc. Class A

Estee Lauder Companies Inc. Class A

EL

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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.


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