E.L.F. BEAUTY ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against e.l.f.

Core Viewpoint - A class action lawsuit has been filed against e.l.f. Beauty, Inc. for allegedly making false and misleading statements regarding its financial performance and inventory management during the class period from November 1, 2023, to November 19, 2024 [1][3]. Summary by Relevant Sections - Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California on behalf of all individuals and entities who purchased e.l.f. Beauty securities during the specified class period [1]. - Investors have until May 5, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. - Allegations Against the Company - The complaint alleges that e.l.f. Beauty inflated revenue and other financial metrics to maintain investor confidence [3]. - The company reportedly misrepresented rising inventory levels, attributing them to changes in sourcing rather than underlying issues [3]. - The public statements made by the company were deemed false and materially misleading throughout the class period, leading to investor damages once the truth was revealed [3].