Ulta Beauty Inc


Case Summary
Company Name: Ulta Beauty Inc
Stock Symbol : NASDAQ: ULTA
Class Period Start: 03/30/2016
Class Period End: 02/23/2018
Lead Plaintiff motion: 05/01/2018
Date Filed: 03/02/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Illinois

Thieler Law Corp advises investors with losses exceeding $100,000 of the May 1, 2018 lead plaintiff deadline in a class action lawsuit filed against Ulta Beauty Inc (NASDAQ: ULTA) (“Ulta” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased Ulta Beauty Inc securities between March 30, 2016, and February 23, 2018, have until May 1, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ulta Beauty Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that 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 that as a result of the foregoing, Ulta’s public statements were materially false and misleading at all relevant times.

On February 9, 2018, media outlets revealed that a consumer class action lawsuit had been filed against Ulta, claiming that Ulta engaged in the “widespread and surreptitious” practice of repacking returned cosmetics and re-shelving them alongside unblemished products to sell at full price.  Furthermore, the lawsuit claimed, “dozens of other current and former Ulta employees from retail locations all over the country confirmed that substantially similar practices also occurred at the Ulta stores where they worked.”

Following this news, NASDAQ: ULTA fell $9.07, or 4.15%, to close at $209.48 on February 12, 2018.

If you were negatively impacted by your investment in Ulta Beauty Inc securities between March 30, 2016, and February 23, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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