SAN DIEGO, CA / ACCESSWIRE / March 21, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in NASDAQ: ULTA shares over alleged securities laws violations by Ulta Beauty Inc.
Investors who purchased shares of Ulta Beauty Inc (NASDAQ: ULTA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 9, 2018, after the market closed, it was reported that a consumer class action lawsuit had been filed against Ulta Beauty Inc. The suit alleges that Ulta Beauty Inc has surreptitiously been restocking used cosmetics, including makeup and selling them alongside unblemished products at full price.
On February 23, 2018, an article was published on the restocking practice on its website. A former employee stated Ulta Beauty Inc had been deceiving consumers for years by repackaging, restocking and reselling used beauty products including cosmetics at full price. The ex-employee alleged that higher-level managers pressured stores to keep the dollar amount of damaged or returned goods down.
On March 2, 2018, a lawsuit was filed against Ulta Beauty Inc. over alleged securities laws violations. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that 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 that as a result of the foregoing, Ulta's public statements were materially false and misleading at all relevant times.
Those who purchased Ulta Beauty Inc (NASDAQ: ULTA) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
