ELF Investors Face May 5 Deadline for Class Action Claims

Investors in e.l.f. Beauty, Inc. are being reminded of the impending May 5, 2025 deadline to file a lead plaintiff motion in a class action lawsuit related to securities fraud. The lawsuit alleges that the company misled investors by overstating revenue and profits while failing to disclose rising inventory levels due to declining sales. This came to light following a critical report from Muddy Waters Research in November 2024, which triggered a drop in e.l.f.'s stock price. Multiple law firms, including Glancy Prongay & Murray and Faruqi & Faruqi, are encouraging affected investors to join the lawsuit. Investors who suffered losses exceeding $50,000 during the specified period are particularly urged to take action. The allegations suggest that the company's previous positive statements about its financial health were materially false and misleading.