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.
The Klein Law Firm
Joseph Klein, Esq., 212-616-4899
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