NEW
YORK, March 20, 2025 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of e.l.f. Beauty, Inc. (NYSE: ELF).
Shareholders who purchased shares of ELF during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=137089&from=4
CLASS PERIOD: November 1,
2023 to November 19, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued 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.
DEADLINE: May 5, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=137089&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ELF during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is May 5, 2025. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
