e.l.f.(ELF) Prnewswire·2025-03-07 14:07Core Viewpoint - A class action lawsuit has been filed against e.l.f. Beauty, Inc. for alleged violations of securities laws, specifically related to false and misleading statements made by the company regarding its financial performance and inventory levels [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between November 1, 2023, and November 19, 2024, during which the company allegedly inflated revenue and other financial metrics to maintain investor confidence [2][4]. - The Schall Law Firm is representing investors and encourages those who suffered losses to participate in the lawsuit before the deadline of May 5, 2025 [2][5]. Group 2: Allegations Against the Company - The complaint claims that e.l.f. Beauty made false statements to the market, particularly regarding rising inventory levels, which the company misattributed to changes in sourcing rather than underlying issues [4]. - The misleading public statements are said to have caused significant damages to investors once the truth about the company's financial situation was revealed [4].