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ELF Investors Have the Opportunity to Lead the e.l.f. Beauty Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-04-13 13:20
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading statements and inflated financial metrics, with a class action lawsuit deadline set for May 5, 2025 [3][5]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding inventory levels and sales performance [5]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [5]. - The company reportedly inflated revenue and profits over several quarters to maintain investor confidence, which has led to overstated business prospects [5]. Group 2: Impact of Muddy Waters Report - On November 20, 2024, Muddy Waters Research published a report alleging that e.l.f. Beauty had materially overstated revenue over the past three quarters [5]. - The report indicated that management recognized issues with growth narratives as inventory levels increased, leading to inflated financial reporting [5]. Group 3: Financial Outlook and Adjustments - Following the class period, e.l.f. Beauty revised its fiscal 2025 net sales growth expectations to 27%-28%, down from 28%-30% [6]. - The adjusted EBITDA guidance was also lowered to $289-293 million from $304-308 million, influenced by updated sales outlook and a $7 million foreign currency loss [6]. - The company anticipated net sales growth to be between -1% to +2%, reflecting softer consumption trends and slower new product performance [6].
E.L.F. BEAUTY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against e.l.f. Beauty, Inc. - ELF
Prnewswire· 2025-04-12 02:50
Core Viewpoint - Kahn Swick & Foti, LLC is reminding investors that they have until May 5, 2025, to file lead plaintiff applications in securities class action lawsuits against e.l.f. Beauty, Inc. for alleged violations of federal securities laws during the Class Period from May 25, 2023, to February 6, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuits allege that e.l.f. Beauty and certain executives failed to disclose material information, violating federal securities laws [3]. - The first-filed case is Rottman v. e.l.f. Beauty, Inc., et al., No. 25-cv-2316, with a subsequent case, Boston Retirement System v. e.l.f. Beauty, Inc., et al., No. 25-cv-3167, expanding the Class Period [6]. Group 2: Financial Performance and Impact - On November 20, 2024, Muddy Waters Research reported that e.l.f. Beauty had materially overstated revenue over the past three quarters, leading to a stock price drop of $2.71 per share, or 2.23%, closing at $119.00 [4]. - Following the release of fiscal Q3 2025 results on February 6, 2025, which confirmed previously identified weaknesses, e.l.f. Beauty's stock price fell $17.36 per share, or 19.62%, closing at $71.13 on February 7, 2025 [5].
Shareholders of e.l.f. Beauty, Inc. Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - ELF
Prnewswire· 2025-04-11 09:45
NEW YORK, April 11, 2025 /PRNewswire/ -- , April 11, 2025 – Levi & Korsinsky, LLP notifies investors in e.l.f. Beauty, Inc. ("e.l.f. Beauty" or the "Company") (NYSE: ELF) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of e.l.f. Beauty investors who were adversely affected by alleged securities fraud between November 1, 2023 and November 19, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra- ...
Investors in e.l.f. Beauty, Inc. Should Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights - ELF
Prnewswire· 2025-04-10 09:45
NEW YORK, April 10, 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=141939&from=4CLASS PERIOD: November 1, 2023 to Nov ...
ELF Announcement: Kessler Topaz Meltzer & Check, LLP Encourages e.l.f. Beauty, Inc. (ELF) Investors to Contact the Firm About Securities Fraud Class Action Lawsuit
Prnewswire· 2025-04-08 16:19
RADNOR, Pa., April 8, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against e.l.f. Beauty, Inc. ("Elf") (NYSE: ELF) on behalf of those who purchased or otherwise acquired Elf securities between November 1, 2023, and November 19, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Elf losses, you may CLICK HE ...
Levi & Korsinsky Reminds e.l.f. Beauty, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - ELF
Prnewswire· 2025-04-08 09:45
NEW YORK, April 8, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in e.l.f. Beauty, Inc. ("e.l.f. Beauty" or the "Company") (NYSE: ELF) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of e.l.f. Beauty investors who were adversely affected by alleged securities fraud between November 1, 2023 and November 19, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/e-l-f-beauty-lawsu ...
ROSEN, NATIONAL TRIAL COUNSEL, Encourages e.l.f. Beauty, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ELF
GlobeNewswire News Room· 2025-04-07 21:13
NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of e.l.f. Beauty, Inc. (“Elf”) (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. SO WHAT: If you purchased Elf securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement ...
The Gross Law Firm Notifies e.l.f. Beauty, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - ELF
Prnewswire· 2025-04-07 09:45
NEW YORK, April 7, 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=140983&from=4CLASS PERIOD: November 1, 2023 to Nove ...
ELF INVESTOR ALERT: Kirby McInerney LLP Notifies e.l.f. Beauty, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
GlobeNewswire News Room· 2025-04-04 00:00
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the May 5, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired e.l.f. Beauty, Inc. (“ELF” or the “Company”) (NYSE:ELF) securities during the period from November 1, 2023, through November 19, 2024 (“the Class Period”). [LEARN MORE ABOUT THE CLASS ACTION] On November 20, 2024, Muddy Waters Research published a report titled e.l.f B ...
ELF INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $00,000 In ELF To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-04-03 20:25
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading statements and inflated financial metrics, with a class action lawsuit deadline set for May 5, 2025 [2][4]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding inventory levels and sales performance [4]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [4]. - The company reportedly inflated revenue and profits over several quarters to maintain investor confidence, which has led to overstated business and financial prospects [4]. Group 2: Financial Performance and Outlook - Following the class period, e.l.f. Beauty revised its fiscal 2025 net sales growth forecast to 27%-28%, down from the previous guidance of 28%-30% [5]. - The adjusted EBITDA guidance was also lowered to $289-293 million from $304-308 million, partly due to a $7 million foreign currency loss [5]. - The company anticipates net sales growth to be between -1% to +2%, reflecting softer consumption trends and slower-than-expected new product performance [5]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $50,000 in e.l.f. Beauty between November 1, 2023, and November 19, 2024, are encouraged to discuss their legal options [1]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [5]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding e.l.f. Beauty's conduct [6].