Important Information for Purchasers of e.l.f. Beauty Securities: Rosen Law Firm Reminds of Upcoming Deadline
New York, April 2, 2025 – Rosen Law Firm, a global investor rights law firm, alerts purchasers of securities of e.l.f. Beauty, Inc. (NYSE: ELF) between November 1, 2023 and November 19, 2024, both dates inclusive (the “Class Period”), of the upcoming May 5, 2025 lead plaintiff deadline.
If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Background
e.l.f. Beauty, Inc. is a leading cruelly-free cosmetics company. The Company sells its products in approximately 17,000 stores worldwide and online. The Company’s mission is to make cosmetics affordable, high quality, cruelty-free, and accessible to consumers around the world.
Allegations
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Defendants failed to disclose that they were experiencing significant supply chain disruptions;
- Defendants failed to disclose that they were experiencing significant inventory issues;
- Defendants failed to disclose that they were experiencing significant sales declines;
- Defendants failed to disclose that they were experiencing significant cost pressures;
- Defendants failed to disclose that they were experiencing significant competition from other cosmetics companies;
- Defendants failed to disclose that they were experiencing significant negative impacts from the COVID-19 pandemic;
As a result of these allegations, the Company’s stock price has been artificially inflated.
Impact on Individual Investors
If you purchased e.l.f. Beauty securities during the Class Period and suffered a loss, you may be entitled to compensation. The lead plaintiff will act on behalf of all class members in directing the litigation. The Court will appoint the lead plaintiff and lead counsel on a merit-based basis.
Impact on the World
The securities class action against e.l.f. Beauty is significant because it highlights the importance of transparency and honesty in corporate reporting. Companies have a responsibility to disclose material information to investors in a timely and accurate manner. Failure to do so can result in significant losses for investors and damage to the Company’s reputation.
Moreover, the pandemic has brought attention to the importance of supply chain resilience and the need for companies to have contingency plans in place to mitigate the impact of disruptions. e.l.f. Beauty’s experience serves as a reminder that companies must be prepared for unexpected events and communicate effectively with their investors.
Conclusion
If you purchased e.l.f. Beauty securities during the Class Period and believe that you may have a claim, please contact Rosen Law Firm before the May 5, 2025 lead plaintiff deadline. The firm will provide you with free and confidential legal advice, and you may recover damages if you are a class member.
The securities class action against e.l.f. Beauty is a reminder that investors must be vigilant and demand transparency from the companies they invest in. Companies that fail to meet this obligation can face significant consequences, including damage to their reputation and financial losses for investors.
If you have any questions or concerns about this announcement or your rights as an investor, please contact the Rosen Law Firm at [email protected] or (212) 686-1061.
