Important Information for e.l.f. Beauty, Inc. Securities Purchasers: Rosen Law Firm Reminds of Upcoming Deadline
New York, NY – Rosen Law Firm, a global investor rights law firm, alerts purchasers of e.l.f. Beauty, Inc. (“Elf”) securities between November 1, 2023, and November 19, 2024, both dates inclusive (the “Class Period”), of the upcoming May 5, 2025 lead plaintiff deadline. Those who purchased Elf securities during the Class Period are encouraged to contact the firm.
Background Information
Elf is a leading cosmetics company known for its innovative, affordable, and cruelty-free products. The company’s mission is to make the magic of cosmetics accessible to everyone, everywhere. Elf’s products are sold at major retailers such as Target, Walmart, and Ulta, as well as on the company’s website.
Securities Class Action Lawsuit
On February 22, 2025, a securities class action lawsuit was filed against Elf in the United States District Court for the Southern District of New York. The complaint alleges that the company and certain of its executives made false and/or misleading statements and/or failed to disclose material adverse facts about the company’s business, operations, and financial condition.
Alleged Misrepresentations
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) Elf was experiencing declining sales and increasing competition; (2) the company’s cost of goods sold was increasing due to supply chain disruptions and increased raw material costs; and (3) the company’s financial statements were not accurate.
Lead Plaintiff Deadline
The lead plaintiff deadline in this securities class action lawsuit is May 5, 2025. The lead plaintiff is the proposed representative for all persons or entities that purchased Elf securities during the Class Period. The lead plaintiff will be in charge of making important decisions for the class, including whether to accept a settlement or go to trial.
Effect on Individual Investors
If you purchased Elf securities during the Class Period, you may be able to recover your losses, including damages. To recover your losses, you must meet certain requirements. You must hold the securities on or before May 5, 2025, and you must submit your claim before the lead plaintiff deadline.
Effect on the World
The securities class action lawsuit against Elf is a reminder that companies, no matter how big or small, must provide accurate and truthful information to their investors. Misrepresentations and omissions can have serious consequences, not only for the company and its executives but also for individual investors and the broader financial markets.
Conclusion
If you purchased Elf securities during the Class Period, contact Rosen Law Firm to discuss your potential recovery options. The firm represents investors in securities class actions and other complex litigation. The firm is dedicated to ensuring that investors receive the compensation they deserve.
- Rosen Law Firm reminds purchasers of Elf securities during the Class Period of the May 5, 2025 lead plaintiff deadline.
- A securities class action lawsuit was filed against Elf alleging false and/or misleading statements and/or omissions.
- Individual investors who purchased Elf securities during the Class Period may be able to recover their losses.
- Misrepresentations and omissions can have serious consequences for companies, executives, and individual investors.
