e.l.f.(ELF) GlobeNewswire News Room·2025-04-27 19:20Core Viewpoint - Rosen Law Firm is reminding investors who purchased e.l.f. Beauty, Inc. securities between November 1, 2023, and November 19, 2024, of the May 5, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1][2] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by May 5, 2025, to serve as lead plaintiff [2] - The lawsuit alleges that e.l.f. Beauty made false and misleading statements regarding its inventory levels and financial performance during the class period [4] Group 2: Allegations Against e.l.f. Beauty - The lawsuit claims that e.l.f. Beauty was experiencing rising inventory levels due to declining sales, contrary to its public representations [4] - It is alleged that the company falsely attributed rising inventory levels to changes in sourcing practices and reported inflated revenue and profits [4] - The lawsuit suggests that the true financial condition of e.l.f. Beauty was misrepresented, leading to potential material negative impacts once the truth was revealed [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]