### **Paraphrased Summary:**

A U.S. judge has ruled that Estée Lauder misled shareholders by failing to fully disclose the financial impact of China’s 2022 crackdown on the “daigou” grey market. Shareholders accused the company of omitting key details and presenting “half-truths” about how the regulatory changes affected sales. The case highlights growing legal scrutiny over corporate transparency in global markets.

### **Trailer-Style Paragraph:**

**”A beauty giant under fire—Estée Lauder faces a legal storm as a U.S. judge uncovers alleged financial deception. Shareholders claim the company hid the truth about plummeting sales after China’s grey market crackdown. Will this case rewrite the rules of corporate disclosure? The stakes have never been higher.”**

*(Note: The original text appears to be a snippet from a news article, so the paraphrase and trailer focus on the key legal challenge while adding dramatic flair for engagement.)*