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Helen of Troy faces class action over misleading claims on Project Pegasus efficiency and financial declines.

Market News
03 Jun 2026
PRNewsWire
View Source
Bearish
pluang ai news

Helen of Troy Limited is being sued in a class action for allegedly misleading investors about the success of Project Pegasus, a restructuring program meant to improve efficiency. The company had claimed progress despite setbacks with a new distribution center, but later revealed significant declines in sales and earnings, along with a large goodwill impairment. These disclosures caused sharp drops in the stock price. Investors who bought shares between April 2024 and October 2025 may join the lawsuit, with a lead plaintiff deadline of August 3, 2026.

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