e.l.f.(ELF) Prnewswire·2025-03-14 00:23Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of e.l.f. Beauty, Inc. securities during the specified Class Period from November 1, 2023, to November 19, 2024, due to alleged misleading statements and inflated financial reporting [1][5]. Group 1: Lawsuit Details - The lawsuit claims that e.l.f. Beauty made false and misleading statements regarding its inventory levels, attributing rising inventory to changes in sourcing practices while actually experiencing declining sales [5]. - It is alleged that e.l.f. inflated its revenue, profits, and inventory over several quarters to maintain investor confidence, which overstated the company's business and financial prospects [5]. - The lawsuit indicates that once the true details were revealed, investors suffered damages due to the misleading public statements made by e.l.f. [5]. Group 2: Participation Information - Investors who purchased e.l.f. securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by May 5, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Background - Rosen Law Firm specializes in securities class actions and has a strong track record, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].