NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Ulta Beauty, Inc. (NASDAQGS: ULTA) concerning possible violations of federal securities laws.
On February 9, 2018, it was reported that a consumer class action lawsuit had been filed against Ulta. The suit alleges that Ulta has secretly been repackaging returned cosmetics and re-shelving them alongside unblemished products to sell at full price. 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.” To obtain additional information, go to:
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