By  on June 12, 2009

A federal judge has dismissed two claims in a lawsuit against Coty Inc. brought by the fragrance firm’s former chief financial officer.

In an opinion entered June 8 in U.S. District Court in Manhattan, Judge Shira Scheindlin ruled Michael Fishoff could not continue with claims of securities fraud against his former employer because his options in the company, which does not trade publicly, were not in fact securities. Fishoff, who served as cfo at Coty from July 2002 to December 2008, sued the company in January, accusing it of barring him from exercising stock options and then firing him because he planned legal action.

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