54 Days left to seek lead plaintiff status.

According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to its representations to investors, Elf 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, Elf’s business and/or financial prospects were overstated; (5) all of the foregoing, once revealed, would likely have a material negative impact on Elf; and (6) as a result, Elf’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

e.l.f. Beauty Inc. Common Stock (NYSE: ELF) Claim Form