COMPANY |
Ulta Beauty, Inc. |
COURT |
United States District Court for the Northern District of Illinois |
CASE NUMBER |
18-cv-01577 |
JUDGE |
The Honorable Martha Maria Pacold |
CLASS PERIOD |
4/20/2016 – 2/23/2018 |
SECURITY TYPE |
All Securities |
Case Background:
On March 2, 2018, the initial complaint in this securities class action was filed against Ulta Beauty, Inc. (“Ulta” or the “Company”), and certain of Ulta’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding Ulta's business, operational and compliance policies. Specifically, Defendants made false and/or 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's public statements were materially false and misleading at all relevant times.
This securities class action lawsuit was brought on behalf of all persons who purchased or otherwise acquired securities of Ulta Beauty, Inc. and its wholly owned subsidiary Ulta Salon, Cosmetics, Fragrance, Inc. between April 20, 2016 and February 23, 2018, inclusive.
Current Status of Case:
Lead Plaintiffs filed their Amended Complaint on September 10, 2018. On November 9, 2018, Defendants filed a Motion to Dismiss. The motion to dismiss is fully briefed and currently pending before the Court.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.