Coty Inc. Stockholders Settle $1.7B Controller Deal For $35M

By Leslie A. Pappas ( March 30, 2023, 7:50 PM EDT) -- Global cosmetics company Coty Inc. and controlling shareholder JAB Holding Co. SARL will pay $35 million to settle a consolidated derivative shareholder class action that alleged breaches of fiduciary duty in connection with a $1. 75 billion tender offer in 2019, a stipulation filed with Delaware's Court of Chancery said. . . .

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.