Ulta Beauty (NASDAQ:ULTA)
Historical Stock Chart
1 Year : From Dec 2018 to Dec 2019
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 email@example.com
or Mr. Glenn at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
View source 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: email@example.comEmail: