Investors who hold shares of e.l.f. Beauty, Inc. (NYSE: ELF) Long Term should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing

An investigation was announced for long-term investors in shares of e.l.f. Beauty, Inc. (NYSE: ELF) concerning potential breaches of fiduciary duties by certain directors of e.l.f. Beauty, Inc.

Investors who are current long term investors in e.l.f. Beauty, Inc. (NYSE: ELF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: ELF stocks follows a lawsuit filed against e.l.f. Beauty, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ELF stocks, concerns whether certain e.l.f. Beauty, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that contrary to its representations to investors, the Company was experiencing rising inventory levels as a consequence of flagging sales, that Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices, that to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters, that accordingly. the Company's business and/or financial prospects were overstated, that all of the foregoing, once revealed, would likely have a material negative impact on the Company, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of e.l.f. Beauty, Inc. (NYSE: ELF) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.