Attention Shareholders Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Lawsuit Filed against Olaplex Holdings, Inc. and Encourages Investors to Contact the Firm
The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Olaplex Holdings, Inc. (“Olaplex”) (NASDAQ: OLPX). The action charges Olaplex with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Olaplex’s materially misleading statements and omissions to the public, Olaplex’s investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR OLAPLEX LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/olaplex-holdings-inc?utm_source=PR& ...
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LEAD PLAINTIFF DEADLINE: JANUARY 17, 2023
CLASS PERIOD: SEPTEMBER 30, 2021 THROUGH NOVEMBER 17, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or via email at firstname.lastname@example.org
Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
OLAPLEX’S ALLEGED MISCONDUCT
On or about September 30, 2021, Olaplex conducted its IPO and issued 73,700,000 shares of its common stock to the public at $21.00 per share for approximate proceeds of $1,466,445,750.
Just one year after the IPO, on September 29, 2022, a Piper Sandler analyst downgraded Olaplex to Neutral from Overweight, stating that her work revealed that “competition and misinformation pose growing risks to the company.” In addition, the analyst indicated that she anticipated investments in marketing and education were needed to offset the headwinds and that there is “little room for valuation upside given the risks at play.” Following this news, Olaplex’s stock price fell $1.33 per share, or 12.15%, to close at $9.62 per share on September 29, 2022.