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E.L.F. Beauty Hit With Investor Suit After Muddy Waters Report

By Gina Kim ( March 6, 2025, 6:51 PM EST) -- Cosmetics giant e. l. f. Beauty's shareholders filed a proposed class action in California federal court on Thursday, accusing the company of overstating its revenue while hiding growing inventory issues due to inadequate sales — troubles that investment research firm Muddy Waters revealed in a November report that caused share prices to plunge. . . .

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