Important Investor Alert: e.l.f. Beauty, Inc. (ELF) Under Investigation for Potential Securities Law Violations
New York, NY – March 28, 2025
Levi & Korsinsky, LLP announces that a class action lawsuit has been filed on behalf of investors in e.l.f. Beauty, Inc. (“e.l.f.” or “the Company”) (NYSE: ELF). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges that certain officers and directors of the Company made false and misleading statements to the market.
Background
e.l.f. Beauty, Inc. is a leading cruelty-free cosmetics company. The Company’s products are sold in over 16,000 stores worldwide, including Target, Walmart, and Ulta Beauty.
Allegations against e.l.f. Beauty, Inc.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- The Company was experiencing declining sales due to increased competition and weak consumer demand;
- The Company’s financial statements for the fiscal years 2022 and 2023 contained material errors;
- The Company’s internal controls over financial reporting were inadequate;
- Defendants failed to disclose the true financial condition of the Company and its prospects for growth.
Impact on Individual Investors
If you invested in e.l.f. Beauty, Inc. (ELF) securities between March 1, 2023, and December 31, 2024, you may be entitled to compensation. Investors who suffered losses are encouraged to contact Levi & Korsinsky to discuss their legal rights and options.
Impact on the World
The impact of this investigation on the world of cosmetics and consumer goods may depend on the outcome of the lawsuit. If it is found that e.l.f. Beauty, Inc. and its executives violated securities laws, it could set a precedent for other companies in the industry to face increased scrutiny and potential legal action.
Conclusion
The filing of this class action lawsuit against e.l.f. Beauty, Inc. highlights the importance of accurate financial reporting and transparency for publicly traded companies. Investors rely on this information to make informed decisions about where to invest their money. If you believe you may have lost money due to misrepresentations by e.l.f. Beauty, Inc., contact Levi & Korsinsky to discuss your legal rights and options.
Levi & Korsinsky, LLP has extensive experience in prosecuting securities litigation and securing financial compensation for investors. For more information, please contact us toll-free at (877) 363-5972 or by email at [email protected].
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About Levi & Korsinsky, LLP
Levi & Korsinsky is a national firm with offices in New York, Connecticut, and California. The firm’s attorneys have extensive expertise and experience in prosecuting securities litigation involving financial fraud, representing investors in shareholder derivative and class action lawsuits. For more information, please visit
ATTORNEY ADVERTISING. The above information contained herein is not intended to be legal advice. For further information about this notice, please contact Levi & Korsinsky, LLP. Prior results do not guarantee a similar outcome.
