Attention Investors: Filing Deadline Approaching for e.l.f. Securities Class Actions
New York City, NY and New Orleans, LA – Kahn Swick & Foti, LLC (KSF) and its 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. Beauty, Inc. (NYSE: ELF) over alleged violations of federal securities laws.
Background on e.l.f. Beauty, Inc.
e.l.f. Beauty is a cosmetics company that offers cruelty-free and affordable products. The company’s mission is to make “beauty accessible to all,” and it sells its products through various channels, including its own website, retail stores, and third-party retailers.
Allegations against e.l.f. Beauty, Inc.
The securities class actions allege that e.l.f. Beauty and certain of its executives made false and misleading statements regarding the company’s financial condition and business prospects. Specifically, the complaints allege that the defendants failed to disclose the following:
- Weak sales trends, particularly in the company’s core color cosmetics business
- Declining market share in the mass market channel
- Increased competition from both established and emerging players in the cosmetics industry
- Declining gross margins due to increased promotional spending and higher costs of goods sold
Impact on Individual Investors
If you purchased or acquired e.l.f. Beauty securities between January 26, 2021 and February 24, 2023, you may be entitled to recover your losses through this securities class action. To be eligible to serve as a lead plaintiff, you must meet certain legal requirements and deadlines.
Impact on the World
The securities class actions against e.l.f. Beauty could have broader implications for the cosmetics industry as a whole. If the allegations are proven true, it could signal that other cosmetics companies may be facing similar challenges, such as weak sales trends, declining market share, and increased competition. This could lead to increased scrutiny of these companies’ financial reporting and business practices.
Conclusion
If you are an investor in e.l.f. Beauty securities, it is important to be aware of the May 5, 2025 filing deadline for lead plaintiff applications in the securities class actions against the company. The allegations against e.l.f. Beauty could have significant implications for both individual investors and the cosmetics industry as a whole. If you believe you may be entitled to recover your losses, it is important to consult with a securities attorney as soon as possible.
For more information about the e.l.f. Beauty securities class actions, please contact Kahn Swick & Foti, LLC at (514) 979-1100 or via email at [email protected].
