The Shuman Law Firm Investigates Ulta Beauty, Inc.
May 07 2019 - 5:46PM
Business Wire
The Shuman Law Firm announces that it is investigating potential
shareholder claims against certain officers and directors of Ulta
Beauty, Inc. (“Ulta” or the “Company”) (Nasdaq: ULTA). Ulta is a
beauty retailer.
The Firm’s investigation relates to allegations found in a
consumer class action lawsuit against the Company which alleges a
wide ranging scheme of repackaging and reselling returned,
previously used products as new products in Ulta stores. The
lawsuit specifically alleges that “dozens of…Ulta employees from
retail locations all over the country confirmed that substantially
similar practices also occurred at the Ulta stores where they
worked.” On February 23, 2018, CBS News published a story on its
website entitled “Former Ulta Beauty employee says she felt
pressured to resell used products.” The CBS story reports on the
claims that used products were cleaned and repackaged because
“higher-level managers pressured the stores to keep the dollar
amount for damaged or returned goods down.” These actions allegedly
occurred despite Ulta’s “Returned Merchandise Policy” which clearly
prohibited the resale of used, damaged or expired products. The
Company’s stock price fell more than 10% following the revelation
of these events.
If you currently own Ulta Beauty common stock and are interested
in discussing your rights, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll
free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com
or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
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version on businesswire.com: https://www.businesswire.com/news/home/20190507006138/en/
THE SHUMAN LAW FIRMKip B. Shuman, Esq.Rusty E. Glenn, Esq.One
Montgomery Street, Ste. 1800San Francisco, CA 94104Tel:
866.569.4531Fax: 303.536.7849Email: kip@shumanlawfirm.comEmail:
rusty@shumanlawfirm.comWeb: www.shumanlawfirm.com
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