Olaplex Lawsuit OLPX | Deadline January 17, 2023
Olaplex Class Action Lawsuit (OLPX Lawsuit)
Investors who purchased or otherwise acquired OLPX common stock during the period from September 30, 2021 through November 17, 2022 can register their information before the deadline of January 17, 2023.
Is Olaplex Holdings Inc. Involved in a Securities Class Action Lawsuit?
Yes, a lawsuit has been filed against Olaplex Holdings Inc. on November 17, 2022, on behalf of shareholders during the period from January 3, 2022 through October 26, 2022.
What Is The Olaplex Lawsuit About?
The Olaplex Class Action Lawsuit (NASDAQ:OLPX) (Olaplex Class Action Lawsuit) was filed on behalf of the investors who purchased Olaplex Holdings Inc. (OLPX) securities between September 30, 2021 to November 17, 2022. For more on the OLPX Lawsuit please contact us today.
According to the Olaplex lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose 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; and
(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, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
How much did OLPX stock drop?
Shareholders who held OLPX securities saw stock price fell $5.55 per share, or 56.69%, to close at $4.24 per share on October 19, 2022.
What does OLPX Do?
Olaplex Holdings, Inc. manufactures and sells hair care products.
The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair.
It provides hair care products to professional hair salons, retailers, and everyday consumers.
The company was founded in 2014 and is based in Santa Barbara, California.
Which Class Action Attorney Firm Can Help With The OLPX Lawsuit?
Levi & Korsinsky LLP is a Securities Class Action Law Firm. For over 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
Does It Cost Me To Join The OLPX Class Action?
No, there are no out of pocket costs for you to join the Olaplex Lawsuit.
What Is the Lead Plaintiff Process?
According to the Private Securities Reform Act of 1995, any investor who bought or acquired OLPX securities in the Class Period may apply for appointment as a lead plaintiff. The lead plaintiff is usually the movant who has the most financial interest in the relief sought. However, he or she must also be typical or adequate to the putative classes. The OLPX class-action lawsuit is directed by the lead plaintiff. To litigate the Olaplex Class Action Lawsuit, the lead plaintiff may choose any law firm it wishes. The ability of an investor to share in any future recovery is not tied to being the lead plaintiff in the OLPX Class Action Lawsuit.
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