E.L.F. BEAUTY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against e.l.f. Beauty, Inc. - ELF
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A securities class action lawsuit has been filed against E.L.F. Beauty (ELF) alleging the company misrepresented its financial performance between November 2023 and November 2024. Muddy Waters Research reported that the company overstated revenue, inflated profits, and concealed inventory challenges. Following these allegations, ELF's stock price dropped significantly - by 2.23% on November 20, 2024, and by 19.62% on February 7, 2025.
March 25, 2025 | 2:45 am
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Lawsuit alleges ELF misrepresented financial performance, potentially damaging investor confidence and company reputation.
The lawsuit directly targets ELF, alleging serious financial misconduct including revenue overstatement and inventory inflation. The significant stock price drops following Muddy Waters' report suggest market believes these claims have merit.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100