Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or acquired Olaplex Holdings, Inc. (“Olaplex”) (NASDAQ: OLPX) common stock on or before November 12, 2021, pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Offering Documents”) issued in connection to the initial public offering (“IPO”).
The complaint against Olaplex alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation. Specifically, the Offering Documents made false and/or misleading statements and/or failed to disclose that: (1) macro-economic pressures and competition in the haircare market were more robust than Olaplex had represented to investors; (2) accordingly, Olaplex was unlikely to maintain its sales and revenue momentum; and (3) as a result, it was unlikely that Olaplex would be able to achieve the financial and operational growth projected in the Offering Documents; and (4) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
Current Status of Case:
On August 8, 2025, the Court granted Plaintiffs’ Motion for Preliminary Approval of the Class Action Settlement. The final settlement hearing is scheduled for December 1, 2025. This action is ongoing.
Please be advised that the deadline to file a claim is November 24, 2025. You may find additional information regarding the terms of the settlement and claim filing process at www.OlaplexSecuritiesSettlement.com, or by calling the claims administrator, Epiq Systems, Inc. at 1-877-879-0943.
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: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.