NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of 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.”
If you suffered a loss in Ulta Beauty and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/ULTA-Info-Request-Form-270.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.