ELF LAWSUIT ALERT: The Gross Law Firm Notifies e.l.f. Beauty, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

1. A class action lawsuit is underway against e.l.f. Beauty, Inc. (ELF). 2. Allegations include misleading statements about inventory and financial performance. 3. Impact on shareholder value is anticipated due to inflated company performance claims. 4. Shareholders can register to participate in the class action by May 5, 2025. 5. The lawsuit aims to recover losses from alleged deceptive practices.

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FAQ

Why Very Bearish?

The allegations of misleading financial statements may significantly damage investor confidence, similar to past cases where companies faced severe stock price drops after such disclosures (e.g., Enron, Lehman Brothers).

How important is it?

The lawsuit could lead to significant financial repercussions for ELF, affecting stock price and market trust.

Why Short Term?

Impacts from class action lawsuits typically manifest quickly, as investor sentiment can shift rapidly following news of legal troubles.

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Notice to Shareholders

NEW YORK, March 24, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of e.l.f. Beauty, Inc. (NYSE: ELF).

Shareholders who purchased shares of ELF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=137703&from=4

CLASS PERIOD:

November 1, 2023 to November 19, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

(i) contrary to its representations to investors, the Company was experiencing rising inventory levels as a consequence of flagging sales;
(ii) Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices;
(iii) to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters;
(iv) the Company's business and/or financial prospects were overstated;
(v) all of the foregoing, once revealed, would likely have a material negative impact on the Company; and
(vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

DEADLINE:

May 5, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=137703&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of ELF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 5, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: contact@grosslawfirm.com
Phone: (646) 453-8903

SOURCE Gross Law Firm