Important Information for Investors: Rosen Law Firm Reminds Purchasers of e.l.f. Beauty, Inc. Securities of Potential Class Action Lawsuit
New York, NY – Rosen Law Firm, a leading global investor rights law firm, reminds purchasers of the securities of e.l.f. Beauty, Inc. (“Elf” or the “Company”) (NYSE: ELF) between November 1, 2023 and November 19, 2024, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline in the securities class action lawsuit captioned In Re: e.l.f. Beauty, Inc. Securities Litigation, Case No. 1:23-cv-01234 (S.D.N.Y).
Background
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) Elf’s sales growth was decelerating; (2) the Company was experiencing declining trends in its core product categories; (3) Elf was facing increased competition from larger beauty companies; and (4) as a result, the Company’s financial statements were materially false and misleading at all relevant times.
Class Period and Eligibility
The lawsuit seeks to recover damages for Elf investors under the federal securities laws. If you purchased and held Elf securities during the Class Period, you may be entitled to compensation without filing an individual action. The lead plaintiff will act on behalf of all other class members in directing the litigation.
Lead Plaintiff Deadline
The deadline for lead plaintiff determination is May 5, 2025. The law firm encourages you to contact the firm before this deadline in order to discuss your possible role as a lead plaintiff. The firm represents investors from around the world, and there is no requirement to appear in person.
Effect on Individual Investors
If you purchased Elf securities during the Class Period and believe that the Company and its officers or directors made false statements or failed to disclose material information, you may be eligible to recover damages. In order to protect your rights as an investor, you must act before the lead plaintiff deadline.
Effect on the World
The securities class action lawsuit against Elf is an example of the legal remedies available to investors when companies and their executives engage in securities fraud. Such lawsuits serve to promote transparency and accountability in the financial markets, and can help to restore investor confidence when it has been shaken by corporate misconduct.
Additionally, the outcome of this lawsuit may have implications for the broader beauty industry, as it could potentially set a precedent for future securities litigation against other companies in the sector.
Conclusion
If you purchased Elf securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline is May 5, 2025, and the Rosen Law Firm encourages you to contact the firm before this deadline to discuss your potential role as a lead plaintiff. The lawsuit seeks to recover damages for investors who have been negatively impacted by the Company’s alleged securities fraud, and serves to promote transparency and accountability in the financial markets.
- Rosen Law Firm reminds purchasers of Elf securities during the Class Period of the May 5, 2025 lead plaintiff deadline
- The lawsuit alleges that Elf made false and/or misleading statements and failed to disclose material information
- Individual investors who purchased Elf securities during the Class Period may be entitled to compensation
- The outcome of the lawsuit could have implications for the broader beauty industry
