Important Investor Alert: e.l.f. Corporation Securities Class Action Lawsuits
New York, NY and New Orleans, LA, April 11, 2025 – Kahn Swick & Foti, LLC (KSF) and KSF 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 securities class action lawsuits against e.l.f. Corporation (NYSE: ELF) (“e.l.f.” or the “Company”) in the United States District Court for the Northern District of California. These actions allege that the Company and certain of its executives and directors made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, and/or engaged in securities fraud.
Background on e.l.f. Corporation
e.l.f. Corporation is a leading cosmetics company, offering a wide range of products under its e.l.f. brand. The Company’s mission is to make the magic of cosmetics accessible to all, and it sells its products primarily through both online and offline channels. In recent years, e.l.f. has gained popularity due to its affordability, inclusivity, and commitment to cruelty-free and vegan products.
Allegations and Securities Class Action Lawsuits
The securities class action lawsuits against e.l.f. Corporation allege that the Company and certain executives and directors made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, specifically related to:
- The Company’s financial condition and prospects, including revenue growth and profitability
- The Company’s relationship with certain suppliers and distributors
- The Company’s compliance with regulatory requirements, including those related to animal testing
The lawsuits further allege that these misrepresentations and omissions artificially inflated the price of e.l.f.’s common stock, causing investors harm.
Impact on Individual Investors
If you invested in e.l.f. Corporation securities between [specific date range], you may be able to recover your loss through the securities class action lawsuits. You may, not necessarily, have to be lead plaintiff to share in a recovery. KSF encourages investors with large stakes in the Company to contact the Firm as soon as possible to discuss their potential role in the securities class action lawsuits.
Impact on the World
The securities class action lawsuits against e.l.f. Corporation could have broader implications for the cosmetics industry as a whole. Some observers suggest that these lawsuits may lead to increased investor scrutiny of other cosmetics companies, particularly those with complex supply chains and regulatory compliance issues. Additionally, the lawsuits may impact consumer confidence in e.l.f. and the cosmetics industry more broadly, potentially leading to decreased sales and market share for e.l.f. and its competitors.
Conclusion
If you invested in e.l.f. Corporation securities between [specific date range], and you believe that you have suffered a loss as a result of the Company’s alleged misrepresentations or omissions, you may be able to recover your loss through the securities class action lawsuits. KSF encourages investors to contact the Firm as soon as possible to discuss their potential role in the litigation. The securities class action lawsuits against e.l.f. Corporation could have broader implications for the cosmetics industry, potentially leading to increased investor scrutiny and impacting consumer confidence in the sector.
For more information about this securities class action lawsuit, please contact Kahn Swick & Foti, LLC at (514) 979-1122. The Firm represents investors worldwide.
