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Estée Lauder shareholder sues board over alleged $515.5 million gray-market overpayment

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  • Portia McCollum sued Estée Lauder’s board over alleged concealed daigou sales practices.
  • $515.5 million was the alleged overpayment on 3.5 million repurchased shares.
  • Michael Muskopf filed a similar complaint against the same 13 defendants on August 14.
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