The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Ulta Beauty, Inc. (NASDAQ: ULTA) securities between March 30, 2016 and February 23, 2018.
According to the ULTA lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was engaged in the widespread practice of repackaging returned cosmetics and re-shelving them alongside unblemished products to sell at full retail price; and (ii) that as a result of the foregoing, Ulta Beauty's public statements were materially false and misleading at all relevant times. On February 23, 2018, CBS News published a story on the alleged restocking practice, citing a former employee who alleged that managers pressured store employees to clean and repackage returned cosmetics “to keep the dollar amount for damaged or returned goods down.”
"Ulta Beauty, Inc."
If you suffered a loss in Ulta Beauty, Inc. you have until May 1, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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