Securities Class Action Lawsuit Filed Against e.l.f. Cosmetics
RADNOR, Pa., March 19, 2025
The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities class action lawsuit has been filed against e.l.f. Cosmetics, Inc. (“e.l.f.” or the “Company”) (NYSE: ELF) on behalf of investors who purchased or acquired e.l.f. securities between February 26, 2020, and March 15, 2025 (the “Class Period”).
Allegations Against e.l.f. Cosmetics
The complaint alleges that throughout the Class Period, the Company made false and misleading statements and failed to disclose material information regarding its business operations, financial condition, and prospects. Specifically, the Company misrepresented and failed to disclose:
- The true state of its financial health, including its revenue growth and profitability;
- The impact of the COVID-19 pandemic on its business;
- The Company’s internal controls and accounting practices;
- The Company’s relationship with its largest customer, Ulta Beauty, Inc.;
The complaint further alleges that these misrepresentations and omissions artificially inflated the price of e.l.f. securities during the Class Period.
Impact on Investors
Investors who purchased or otherwise acquired e.l.f. securities during the Class Period may be able to recover their losses through the securities class action lawsuit. Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP (KTMC) for additional information regarding this litigation.
Impact on the World
The securities class action lawsuit against e.l.f. Cosmetics may have far-reaching implications for the cosmetics industry as a whole. The allegations against e.l.f. highlight the importance of transparency and accuracy in financial reporting, particularly during times of economic uncertainty. The outcome of this litigation could set a precedent for future securities class action lawsuits in the industry.
Conclusion
The securities class action lawsuit against e.l.f. Cosmetics is an important development for investors and the cosmetics industry. The allegations against the Company underscore the need for transparency and accuracy in financial reporting, particularly during times of economic instability. Investors who purchased e.l.f. securities during the Class Period may be able to recover their losses through the litigation. Kessler Topaz Meltzer & Check, LLP is committed to helping investors recover their losses and will continue to closely monitor this litigation.
If you believe that you have been harmed by e.l.f. Cosmetics’ misconduct or have any questions about this notice or your legal rights, please contact Kessler Topaz Meltzer & Check, LLP (KTMC) at (844) 887-9500 or via email at [email protected]. For more information about KTMC, please visit www.ktmc.com.
