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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
ELFe.l.f.(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 2.71pershare,or2.232.71 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 17.36pershare,or19.6217.36 per share, or 19.62%, closing at 71.13 on February 7, 2025 [5].