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

1. Class action filed against e.l.f. Beauty for misleading statements. 2. Allegations include inflated revenue and profits amid rising inventory issues. 3. Shareholders can register for lead plaintiff appointment by May 5, 2025. 4. Gross Law Firm emphasizes protection of investor rights. 5. Material negative impact on ELF likely due to alleged misrepresentations.

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FAQ

Why Very Bearish?

Historical cases show that class actions often lead to stock downgrades. For instance, companies like Herbalife faced significant stock declines following similar lawsuits, indicating potential for investor panic and sell-offs.

How important is it?

The allegations of misleading information represent serious risks to ELF’s valuation, impacting market trust. The deadline for shareholders—May 5, 2025—also adds urgency, increasing investor focus and potential stock volatility.

Why Short Term?

Immediate market reactions to lawsuits typically occur quickly, affecting stock price. Investors often react to perceived risks within weeks to months because of their fear of financial losses.

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HRB ELF GME BBBY

NEW YORK, April 7, 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=140983&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=140983&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: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm