ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 17, 2023 to file lead plaintiff applications in a securities class action lawsuit against Olaplex Holdings, Inc. if they purchased or acquired the Company’s shares pursuant and/or traceable to the Company’s September 2021 initial public offering (the “IPO”). This action is pending in the United States District Court for the Central District of California.
Olaplex investors should visit us at https://claimsfiler.com/cases/nasdaq-olpx/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
Olaplex and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) macroeconomic pressures and competition in the haircare market were more robust than the Company had represented to investors; (ii) accordingly, the Company was unlikely to maintain its sales and revenue momentum; (iii) as a result, it was unlikely that the Company would be able to achieve the financial and operational growth projected in the Offering Documents; and (iv) as a result of the foregoing, the Company’s Offering Documents were materially false and misleading at all relevant times.
The case is Lilien v. Olaplex Holdings Inc. et al., Case No. 22-cv-8395.
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