E.l.f. Beauty Inc., its CEO, and its CFO are facing a new class action alleging violations of federal securities laws.
Luke Rottman claims the company and pair of executives made false and misleading statements regarding the company’s inventory levels, revenue, and profits.
The class period is November 1, 2023, through November 19, 2024, the complaint, filed in the US District Court for the Northern District of California, says.
The proposed class action is brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
Rottman is seeking class certification, including being appointed as the class ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.