Law firm Kessler Topaz Meltzer & Check, LLP has filed a securities class action lawsuit against e.l.f. Beauty (ELF) alleging the company made false and misleading statements about its business operations. The lawsuit covers the period from November 1, 2023, to November 19, 2024, with specific allegations including inflated revenue, profits, and inventory reporting, and misrepresenting rising inventory levels.