Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS OF E.L.F. BEAUTY, INC. (NYSE: ELF)

Grabar Law Office is investigating claims on behalf of long-term e.l.f. Beauty, Inc. (NYSE: ELF) shareholders as an underlying securities fraud class action complaint has survived a motion to dismiss. The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company.

e.l.f. Beauty, Inc., a beauty company, provides cosmetics and skin care products worldwide. The company offers eye, lip, face, paw, and skin care products. It offers products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare brand names. The company sells its products through national and international retailer and direct-to-consumer through its e-commerce channel. e.l.f. Beauty, Inc.

WHY? Key allegations of a federal securities fraud class action filed against e.l.f. Beauty (NYSE: ELF) and certain of its Officers have now survived a motion to dismiss. That complaint alleges that (i) Defendants had been concealing declining demand, particularly in its untracked channels like Ulta Beauty; (ii) ELF had ballooned its inventory to more than $200 million worth of product because it was not able to sell its goods at the rates it promised; and (iii) ELF had failed to produce successful innovations in the latter half of 2024, despite reassuring the market during that time frame that their innovations were spurring strong growth.

On February 4, 2026, a Federal Court determined that the underlying complaint, as to certain allegations, “plausibly alleges all elements of a securities fraud claim.”

WHAT CAN YOU DO NOW? If you have held e.l.f. Beauty (NYSE: ELF) shares since prior to February 7, 2024, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Contact Joshua H. Grabar at jgrabar@grabarlaw.com or call 267-507-6085 to learn more.

#ELF #elfBeauty $ELF

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Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS OF E.L.F. BEAUTY, INC. (NYSE: ELF)

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