{"id":66220,"date":"2025-04-01T00:02:19","date_gmt":"2025-04-01T00:02:19","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2025\/04\/01\/deadline-alert-e-l-f-beauty-inc-elf-investors-who-lost-money-urged-to-contact-glancy-prongay-murray-llp-about-securities-fraud-lawsuit\/"},"modified":"2025-04-01T00:02:19","modified_gmt":"2025-04-01T00:02:19","slug":"deadline-alert-e-l-f-beauty-inc-elf-investors-who-lost-money-urged-to-contact-glancy-prongay-murray-llp-about-securities-fraud-lawsuit","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/deadline-alert-e-l-f-beauty-inc-elf-investors-who-lost-money-urged-to-contact-glancy-prongay-murray-llp-about-securities-fraud-lawsuit\/","title":{"rendered":"Deadline Alert: e.l.f. Beauty, Inc. (ELF) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit"},"content":{"rendered":"
\n

LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP<\/a> reminds investors of the upcoming May 5, 2025 <\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired e.l.f. Beauty, Inc. (\u201cElf\u201d or the \u201cCompany\u201d) (NYSE: ELF<\/a>) securities between November 1, 2023 and November 19, 2024<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n

IF YOU SUFFERED A LOSS ON YOUR ELF<\/strong> INVESTMENTS, CLICK\u00a0<\/strong>HERE<\/strong><\/a> TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.<\/strong><\/p>\n

What Happened?<\/strong>
On November 20, 2024, Muddy Waters Research published a report alleging, among other things, that Elf had \u201cmaterially overstated revenue over the past three quarters,\u201d and that, in the second quarter of 2024, the Company \u201cbegan reporting inflated revenue and profits\u201d as well as inventory \u201cto account for cash that has not really come in.\u201d<\/p>\n

On this news, Elf\u2019s stock price fell $2.71, or 2.2%, to close at $119.00 per share on November 20, 2024, thereby injuring investors.<\/p>\n

What Is The Lawsuit About?<\/strong>
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) contrary to its representations to investors, the Company was experiencing rising inventory levels as a consequence of flagging sales; (2) Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices; (3) to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters; (4) accordingly. the Company\u2019s business and\/or financial prospects were overstated; (5) all of the foregoing, once revealed, would likely have a material negative impact on the Company; and (6) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

If you purchased or otherwise acquired Elf securities during the Class Period, you may move the Court no later than\u00a0May 5, 2025 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit.<\/p>\n

Contact Us To Participate or Learn More: <\/strong>
If you wish to\u202flearn more\u202fabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles\u00a0Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: \u00a0shareholders@glancylaw.com<\/a>
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at\u00a0www.glancylaw.com<\/a>.
Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>\n

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

Contact Us: <\/strong>
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan<\/strong>
Email: \u00a0shareholders@glancylaw.com<\/a>
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at:\u00a0www.glancylaw.com<\/a>.<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP reminds investors of the upcoming May 5, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired e.l.f. Beauty, Inc. (\u201cElf\u201d or the \u201cCompany\u201d) (NYSE: ELF) securities between November 1, […]\n","protected":false},"author":1,"featured_media":66221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-66220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"\nDeadline Alert: e.l.f. Beauty, Inc. 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