OLAPLEX SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS
NEW ORLEANS, Nov. 22, 2022 (GLOBE NEWSWIRE) — 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. (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”). 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.
About the Lawsuit
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.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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