Levi & Korsinsky Announces an Investigation into Potential Securities Law Violations at e.l.f. Beauty, Inc.
NEW YORK, March 12, 2025
Levi & Korsinsky, LLP announces that it has commenced an investigation into potential securities laws violations at e.l.f. Beauty, Inc. (“e.l.f.” or the “Company”) (NYSE: ELF). The investigation focuses on whether the Company and certain of its officers or directors violated federal securities laws.
Background
e.l.f. is a leading cruelty-free cosmetics company, selling its products in over 15,000 stores worldwide. The Company’s mission is to make the magic of cosmetics accessible to every eye, every lip, and every heart. e.l.f. reported revenues of approximately $550 million in 2024.
The Investigation
The investigation concerns certain financial statements and disclosures made by the Company. Specifically, the investigation focuses on whether e.l.f. and certain of its executives and directors misrepresented the Company’s financial condition and business trends to investors.
Potential Impact on Investors
If it is determined that e.l.f. and its executives or directors have engaged in securities fraud or other violations of the federal securities laws, the Company and the individuals named in the investigation could face significant financial and reputational harm. Investors may be able to recover their losses through a securities class action lawsuit.
Potential Impact on the World
The investigation into e.l.f. raises important questions about corporate governance and transparency in the cosmetics industry. If it is found that e.l.f. and its executives or directors have violated securities laws, it could lead to increased scrutiny of other companies in the industry. This could result in increased regulation and increased investor awareness of potential risks.
Conclusion
Levi & Korsinsky is committed to ensuring that companies and their executives and directors adhere to all applicable laws and regulations. If you purchased e.l.f. securities between certain dates, or have information or possess documents related to this investigation, please contact us at (212) 363-7535 or contact us through the web at www.zlk.com/contact.
The investigation is ongoing and we will provide updates as more information becomes available. We encourage investors to check back regularly for updates.
About Levi & Korsinsky, LLP
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, accounting fraud, and consumer protection issues. For more information, please visit www.zlk.com.
- e.l.f. Beauty, Inc.
- Securities laws violations
- Investigation
- Levi & Korsinsky, LLP
- Potential financial and reputational harm
- Corporate governance
- Transparency in the cosmetics industry
