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Ulta Salon, Cosmetics & Fragrances, Inc. Summary: According to a press release dated December 19, 2007, the complaint charges ULTA and three of its officers with violations of the Federal Securities Laws. ULTA operates retail stores that sell cosmetics and related items. ULTA went public on October 25, 2007 ("IPO"), just nine days prior to the close of its fiscal third quarter on November 3, 2007 ("Third Quarter"). As alleged in the complaint, defendants issued materially false and misleading statements in connection with the IPO concerning ULTA's financial condition and the levels of its selling, general and administrative expenses inventories. On December 11, 2007, ULTA issued a press release disclosing the results of its Third Quarter, admitting that its inventories and SG&A expenses had risen dramatically in the Third Quarter. As a result of this startling disclosure, the price of ULTA common stock, which had been inflated by defendants' misrepresentations, declined in value.
INDUSTRY CLASSIFICATION:
SIC Code: 5990
Sector: Services
Industry: Personal Services
| COMPANY/ISSUER NAME: | Ulta Salon, Cosmetics & Fragrances, Inc. |
| COMPANY/ISSUER TICKER: | ULTA |
| COMPANY WEBSITE: | http://www.ulta.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Mark Mirsky, et al. v. Ulta Salon, Cosmetics & Fragrances, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint for Violations of Federal Securities Laws | |||
| Type: Complaint | Date on the document: 12/17/2007 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint - Jury Trial Demanded | |||
| Case Name and/or Number: Westley Bassett, et al. v. Ulta Salon, Cosmetics & Fragrances, Inc., et al. | |||
| Type: Complaint | Date on the document: 01/11/2008 | ||
| Class Action Complaint - Jury Trial Demanded | |||
| Case Name and/or Number: Eugene B. Chase, III, et al. v. Ulta Salon, Cosmetics & Fragrances, Inc., et al. | |||
| Type: Complaint | Date on the document: 01/18/2008 | ||
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