Chechele v. Laubies

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK DONNA ANN GABRIELE CHECHELE, MARK RUBENSTEIN, and REVIVE INVESTING, LLC, 20 Civ. 3438 (PAE) Plaintiffs, -v- OPINION & ORDER PIERRE LAUBIES, Defendant, – and – COTY INC., Nominal Defendant. PAUL A. ENGELMAYER, District Judge: Plaintiffs here are stockholders of nominal defendant Coty Inc. (“Coty”) who seek to recoup on the company’s behalf for “short-swing” profits they claim were unlawfully obtained in early 2020 by a corporate insider—Coty’s chief executive officer. They sue under section 16(b) of the Securities Exchange Act of 1934…