Important Information for e.l.f. Beauty Securities Purchasers: Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY – Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of e.l.f. Beauty, Inc. (“Elf” or the “Company”) (NYSE: ELF) between November 1, 2023 and November 19, 2024, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline. The lawsuit seeks to recover damages for Elf investors under the Securities Exchange Act of 1934.
According to the lawsuit, during the Class Period, Elf made false and/or misleading statements and/or failed to disclose that:
- The Company’s sales growth was decelerating;
- The Company was experiencing declining trends in its core business;
- The Company’s cost of goods sold was increasing;
- The Company was experiencing softness in its European business;
- The Company’s inventory levels were elevated;
- Defendants were failing to implement adequate cost-cutting measures.
As a result of these false and/or misleading statements, Elf’s stock traded at artificially inflated prices during the Class Period, reaching highs of over $35 per share.
How Does This Affect Me?
If you purchased Elf securities during the Class Period, you may be entitled to compensation without having to file a separate lawsuit. The lead plaintiff will act on behalf of all class members in directing the litigation and receiving court approval of the settlement. Your ability to share in any recovery doesn’t require you to serve as a class representative or to remain in the case. However, if you wish to object to the proposed settlement, you must do so by May 5, 2025.
How Does This Affect the World?
The impact of this class action lawsuit on the world may depend on the outcome of the litigation. If the lawsuit results in a significant recovery for investors, it could potentially deter similar misconduct by other publicly traded companies. Additionally, it could lead to increased transparency and disclosure in the cosmetics industry, as investors demand more information about the financial health and operations of companies in which they invest.
Conversely, if the lawsuit does not result in a substantial recovery, it may not have a significant impact on the broader market. However, it could potentially serve as a cautionary tale for investors, highlighting the importance of conducting thorough research and due diligence before investing in any company.
Regardless of the outcome, the class action lawsuit against Elf serves as a reminder that investors have the right to seek compensation when they believe they have been harmed by false or misleading statements made by publicly traded companies.
For more information about the class action lawsuit against Elf, please contact Rosen Law Firm by calling (212) 686-1061 or emailing [email protected] or visiting
