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ELF Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges ELF Investors with Losses to Contact the Firm

1. A class action lawsuit has been filed against e.l.f. Beauty, Inc. 2. The suit alleges misleading statements regarding Elf's inventory and financial prospects. 3. Defendants reportedly inflated revenue and profits to maintain investor confidence. 4. The class period for the lawsuit ranges from November 2023 to November 2024. 5. Investors have until May 5, 2025, to become lead plaintiffs in the case.

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FAQ

Why Very Bearish?

The allegations of misleading financial practices can erode investor confidence significantly. In similar cases, companies like Tesla faced stock price drops after legal actions were announced.

How important is it?

The lawsuit implicates the company's financial integrity, vital for investor confidence, impacting stock price.

Why Short Term?

Negative investor sentiment likely to affect stock price immediately after news. Historical examples, such as AB InBev, show rapid stock price impacts from litigation announcements.

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RADNOR, Pa., March 23, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against e.l.f. Beauty, Inc. (“Elf”) (NYSE: ELF) on behalf of those who purchased or otherwise acquired Elf securities between November 1, 2023, and November 19, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is May 5, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Elf losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/elf-beauty-inc?utm_source=PR&utm_medium=link&utm_campaign=elf&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com. DEFENDANTS’ ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Elf was experiencing rising inventory levels as a consequence of flagging sales; (2) Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices; (3) to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters; (4) accordingly, Elf’s business and/or financial prospects were overstated; (5) all of the foregoing, once revealed, would likely have a material negative impact on Elf; and (6) as a result, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. THE LEAD PLAINTIFF PROCESS:Elf investors may, no later than May 5, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Elf investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/elf-beauty-inc?utm_source=PR&utm_medium=link&utm_campaign=elf&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT:Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087info@ktmc.com May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

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