BOSTON, MA / ACCESSWIRE / November 20, 2024 / Block & Leviton is investigating e.l.f. Beauty, Inc. (NYSE:ELF) for potential securities law violations. Investors who have lost money in their e.l.f. Beauty, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/elf.
What is this all about?
Shares of e.l.f. Beauty are down over 9% on Wednesday after a Muddy Waters report alleged the company significantly overstated its revenue and inventory over the past three quarters. The report alleges that e.l.f. inflated revenue by $138 million to $188 million and misrepresented an inventory increase as a sourcing change. Muddy Waters's report also highlighted potential discrepancies between import data and reported inventory, raising concerns about the reliability of e.l.f.'s previously filed financial statements. Block & Leviton is investigating.
Who is eligible?
Anyone who purchased e.l.f. Beauty, Inc. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about e.l.f. Beauty, Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.
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CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]
SOURCE: Block & Leviton LLP