NEW YORK--(BUSINESS WIRE)--
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Ulta Beauty, Inc. ("Ulta Beauty") (NASDAQ: ULTA) securities between March 30, 2016 and February 23, 2018.
Click here to learn about the case: http://www.wongesq.com/pslra-c/ulta-beauty-inc?wire=2. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (i) 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 (ii) that as a result of the foregoing, Ulta Beauty's public statements were materially false and misleading at all relevant times. 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 you have until May 1, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-c/ulta-beauty-inc?wire=2.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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