RADNOR, Pa., Jan. 01, 2023 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is notifying investors that a securities class action lawsuit has been filed against Olaplex Holdings, Inc. (“Olaplex”) in the United States District Court for the Central District of California. OLPX. The lawsuit alleges Olaplex’s violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Olaplex’s materially misleading public statements and omissions, investors in Olaplex have suffered significant losses.

CLICK HERE TO SUBMIT YOUR OLAPLEX LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/olaplex-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=olpx&mktm=r

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LIMIT FOR THE PLAINTIFF: JANUARY 17, 2023

COURSE PERIOD: 30 SEPTEMBER 2021 TO 17 NOVEMBER 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or email at info@ktmc.com

Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

ALLEGED MISCONDUCT OF OLAPLEX
On or about September 30, 2021, Olaplex completed its initial public offering and issued 73,700,000 shares of its common stock at a price of $21.00 per share for approximate proceeds of $1,466,445,750.

Just a year after the IPO, on Sept. 29, 2022, a Piper Sandler analyst downgraded Olaplex from Overweight to Neutral, saying her work found “competition and misinformation pose growing risks to the company.” Additionally…