Important Investor Alert: Levi & Korsinsky, LLP Notifies Investors in e.l.f. Beauty, Inc. of a Potential Securities Class Action
NEW YORK, April 1, 2025
Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired e.l.f. Beauty, Inc. (“e.l.f.” or the “Company”) (NYSE: ELF) securities between February 26, 2021, and March 29, 2023. The lawsuit was filed in the United States District Court for the Southern District of New York, and the case is captioned Goldman v. e.l.f. Beauty, Inc. et al., 22-cv-1932.
Allegations Against e.l.f. Beauty, Inc.
The complaint alleges that e.l.f. Beauty, Inc. 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 prospects. Specifically, the lawsuit alleges that the Company failed to disclose: (1) that it was experiencing declining sales trends; (2) that it was experiencing increased competition; and (3) that its financial statements were materially misstated.
Impact on Individual Investors
If you purchased or otherwise acquired e.l.f. Beauty, Inc. securities between February 26, 2021, and March 29, 2023, you may be entitled to recover your losses through this class action. Please contact Levi & Korsinsky, LLP as soon as possible to discuss your potential recovery.
Impact on the World
The impact of this securities class action on the world may depend on the outcome of the lawsuit. If the allegations are proven, it could lead to increased scrutiny and regulation of the cosmetics industry, particularly with regard to financial reporting and disclosure requirements. It could also lead to increased litigation and potentially lower investor confidence in the industry as a whole.
Conclusion
Levi & Korsinsky, LLP urges investors who purchased or otherwise acquired e.l.f. Beauty, Inc. securities between February 26, 2021, and March 29, 2023, to contact the firm as soon as possible to discuss their potential recovery. The outcome of this securities class action could have significant implications for the cosmetics industry and investor confidence in the sector.
- If you purchased or otherwise acquired e.l.f. Beauty, Inc. securities between February 26, 2021, and March 29, 2023, you may be entitled to recover your losses through this class action.
- The lawsuit alleges that e.l.f. Beauty, Inc. 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 prospects.
- The impact of this securities class action on the world may depend on the outcome of the lawsuit.
- If the allegations are proven, it could lead to increased scrutiny and regulation of the cosmetics industry.
- It could also lead to increased litigation and potentially lower investor confidence in the industry as a whole.
