Important Investor Alert: e.l.f. Beauty, Inc. Securities Class Action Lawsuit
New York, NY and New Orleans, LA, March 18, 2025 – Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against e.l.f. Beauty, Inc. (“ELF” or the “Company”) if they purchased the Company’s securities between November 1, 2023 and November 19, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
Background on the Lawsuit
The complaint alleges that during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- The Company was experiencing declining sales and revenue due to increased competition and decreased demand for its products;
- The Company’s financial statements were materially misstated;
- The Company’s internal controls were inadequate;
- The Company was experiencing supply chain disruptions;
- The Company was experiencing negative impacts from the COVID-19 pandemic.
Impact on Individual Investors
If you purchased ELF securities during the Class Period and have suffered a loss, you may be eligible to recover your loss by serving as a lead plaintiff. In order to be a lead plaintiff, you must meet certain legal requirements. To determine whether you may, you can contact KSF at 1-877-515-1850 or [email protected], or visit
Impact on the World
The securities class action lawsuit against e.l.f. Beauty, Inc. could have a significant impact on the cosmetics industry as a whole. If the allegations in the complaint are proven true, it could lead to increased scrutiny and regulation of companies in the industry, as well as potential changes to accounting standards and corporate governance practices. It could also lead to increased transparency and disclosure requirements for publicly traded companies, which could benefit investors in the long run.
Conclusion
If you purchased ELF securities during the Class Period and have suffered a loss, you have until May 5, 2025 to apply to be a lead plaintiff in the securities class action lawsuit against the Company. The lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose important information to investors. The impact of this lawsuit on individual investors and the cosmetics industry as a whole remains to be seen, but it could lead to increased regulation and transparency in the industry and potential changes to accounting standards and corporate governance practices.
If you have any questions or would like to discuss the lawsuit, please contact KSF at 1-877-515-1850 or [email protected].
