Security Investigation

Olaplex Holdings, Inc. (NasdaqGS: OLPX)

43 Days left to seek lead plaintiff status.

Company Name:Olaplex Holdings, Inc.
Stock Symbol:NasdaqGS: OLPX
Court:Central District of California
Filing Deadline:01/17/2023

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(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 17, 2023 to file lead plaintiff applications in a securities class action lawsuit against Olaplex Holdings, Inc. (NasdaqGS: OLPX), if they purchased or acquired the Company’s shares pursuant and/or traceable to the Company’s September 2021 initial public offering (the “IPO”).  

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.

If you purchased or acquired shares of Olaplex as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Lilien v. Olaplex Holdings Inc. et al., Case No. 22-cv-8395.

Click here to read the first filed complaint.