E.l.f. Beauty, Inc. Investors Urged to Seek Legal Guidance Prior to Key Deadline in Securities Litigation Against ELF (NYSE:ELF)
ROSEN A LEADING LAW FIRM ENCOURAGES E.L.F. BEAUTY INC. INVESTORS TO SECURE COUNSEL BEFORE IMPORTANT DEADLINE IN ONGOING CLASS ACTION
New York, NY - Rosen Law Firm, a global investor rights law firm, reminds purchasers of E.L.F. Beauty Inc. (NYSE: ELF) securities between January 25, 2022 and April 13, 2022, of the important April 26, 2022 lead plaintiff deadline in the ongoing class action. The lawsuit seeks to recover damages for E.L.F. Beauty Inc. investors who purchased company securities during the class period.
According to the lawsuit, throughout the class period, E.L.F. Beauty Inc. made materially false and/or misleading statements and/or failed to disclose material information. Specifically, the lawsuit alleges that E.L.F. Beauty Inc. made false and/or misleading statements and/or failed to disclose that the company's sales and profitability were being negatively impacted by a combination of factors, including a decline in consumer spending, increased competition, and supply chain disruptions.
On April 13, 2022, E.L.F. Beauty Inc. announced that it would be revising its full-year 2022 financial guidance, citing a decline in sales and profitability. The lawsuit alleges that this news caused the value of E.L.F. Beauty Inc. securities to decline significantly, resulting in substantial losses for investors.
The Rosen Law Firm encourages investors who purchased E.L.F. Beauty Inc. securities during the class period to secure counsel before the April 26, 2022 deadline. The lawsuit seeks to recover damages for E.L.F. Beauty Inc. investors who purchased company securities during the class period.
The Rosen Law Firm is a global investor rights law firm that represents investors in class actions and other investment-related litigation. The firm has achieved significant results for investors in various cases, including securities fraud, shareholder oppression, and other corporate wrongdoing.
If you are an investor who purchased E.L.F. Beauty Inc. securities during the class period and would like to learn more about the lawsuit and your rights, please contact the Rosen Law Firm at www.rosenlegal.com or 866-767-3653. Follow us on Twitter: @rosenlawfirm. Contact: Laurence Rosen, Esq. or Casey Fabrizio, Esq. at lfrosen@rosenlegal.com or crafabrizio@rosenlegal.com.