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ELF INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that e.l.f. Beauty, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
ELFe.l.f.(ELF) GlobeNewswire News Room·2025-03-09 20:00

Core Viewpoint - A class action lawsuit has been filed against e.l.f. Beauty, Inc. for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased e.l.f. securities between November 1, 2023, and November 19, 2024 [2]. - The complaint alleges that the defendants made materially false and misleading statements regarding the company's business and financial prospects [3]. - Specific allegations include rising inventory levels due to declining sales, false attribution of inventory issues, and inflated revenue and profit reports [3]. Group 2: Next Steps - Investors who suffered losses in e.l.f. have until May 5, 2025, to request to be appointed as lead plaintiff in the case [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - The law firm operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. - Bronstein, Gewirtz & Grossman, LLC has a history of recovering significant amounts for investors in securities fraud cases [6].