e.l.f. Beauty, Inc. Class Action Lawsuit - ELF

The filed complaint alleges that e.l.f. Beauty, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) contrary to its representations to investors, the Company was experiencing rising inventory levels as a consequence of flagging sales; (ii) Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices; (iii) to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters; (iv) the Company’s business and/or financial prospects were overstated; (v) all of the foregoing, once revealed, would likely have a material negative impact on the Company; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the ELF class action lawsuit, you must have incurred a loss on shares of e.l.f. Beauty purchased during the class period listed above.

If you suffered a loss in e.l.f. Beauty during the relevant time frame or pursuant to the relevant offering(s), you have until May 5, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.