{"id":716407,"date":"2022-12-03T00:04:10","date_gmt":"2022-12-03T05:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-olaplex-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-olpx\/"},"modified":"2022-12-03T00:04:10","modified_gmt":"2022-12-03T05:04:10","slug":"investor-deadline-olaplex-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-olpx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-olaplex-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-olpx\/","title":{"rendered":"INVESTOR DEADLINE: Olaplex Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 OLPX"},"content":{"rendered":"

<\/p>\n

INVESTOR DEADLINE: Olaplex Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 OLPX<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–
\nThe law firm of Robbins Geller Rudman & Dowd LLP<\/a><\/b> announces that purchasers or acquirers of Olaplex Holdings, Inc. (NASDAQ: OLPX) common stock pursuant and\/or traceable to Olaplex\u2019s initial public offering conducted on or around September 30, 2021 (the \u201cIPO\u201d) have until January 17, 2023 to seek appointment as lead plaintiff of the Olaplex<\/i> class action lawsuit. Captioned Lilien v. Olaplex Holdings, Inc.<\/i>, No. 22-cv-08395 (C.D. Cal.), the Olaplex <\/i>class action lawsuit charges Olaplex as well ascertain of its top executives and directors with violations of the Securities Act of 1933.\n<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Olaplex <\/i>class action lawsuit, please provide your information here:<\/b><\/p>\n

https:\/\/www.rgrdlaw.com\/cases-olaplex-holdings-inc-class-action-lawsuit-olpx.html<\/a><\/b><\/p>\n

You can also contact attorney J.C. Sanchez<\/a><\/b>of Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com<\/a>.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: Olaplex manufactures and sells hair care products. Pursuant to its IPO, Olaplex issued more than 73 million shares of its common stock to the public at a price of $21.00 per share for approximate proceeds of more than $1.4 billion to Olaplex.\n<\/p>\n

\nOlaplex purports to participate in the \u201cprestige segment\u201d of the haircare market, which Olaplex claims is \u201cexpected to be the fastest growing segment of the global haircare market from 2020 to 2025.\u201d However, as the Olaplex<\/i> class action lawsuit alleges, the IPO\u2019s offering documents 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 Olaplex had represented to investors; (ii) accordingly, Olaplex was unlikely to maintain its sales and revenue momentum; and (iii) as a result, it was unlikely that Olaplex would be able to achieve the financial and operational growth projected in the IPO\u2019s offering documents.\n<\/p>\n

\nOn September 29, 2022, a Piper Sandler analyst downgraded Olaplex to Neutral from Overweight, stating that her work revealed that \u201ccompetition and misinformation pose growing risks to [Olaplex].\u201d In addition, the analyst indicated that she anticipated investments in marketing and education were needed to offset the headwinds and that \u201clittle room for valuation upside given the risks at play.\u201d On this news, Olaplex\u2019s stock price fell by more than 12%.\n<\/p>\n

\nThen, on October 18, 2022, Olaplex revised its guidance for the 2022 fiscal year. Specifically, Olaplex said it now expects fiscal year 2022 revenue between $704 million and $711 million, significantly down from its prior guidance range of $796 million to $826 million. Olaplex further revealed that Olaplex\u2019s \u201cupdated guidance primarily reflects a slowdown in sales momentum that it attributes to macro-economic pressures, increased competitive activity including discounting, and a moderation in new customer acquisition, as well as inventory rebalancing across certain customers which [Olaplex] believes are in response to these same macro-economic pressures.\u201d On this news, Olaplex\u2019s stock price fell an additional 56.7%.\n<\/p>\n

\nAt the time of the filing of the Olaplex<\/i> class action lawsuit, the price of Olaplex common stock continues to trade below the IPO price of $21.00 per share, damaging investors.\n<\/p>\n

THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Olaplex pursuant and\/or traceable to the IPO to seek appointment as lead plaintiff in the Olaplex<\/i> class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Olaplex<\/i> class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Olaplex<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Olaplex<\/i> class action lawsuit.\n<\/p>\n

ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world\u2019s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone \u2013 more than triple the amount recovered by any other plaintiffs\u2019 firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs\u2019 firms in the world, and the Firm\u2019s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in In re Enron Corp. Sec. Litig.<\/i> Please visit the following page for more information:\n<\/p>\n

https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/a><\/b><\/p>\n

\nAttorney advertising.
\n
Past results do not guarantee future outcomes.
\n
Services may be performed by attorneys in any of our offices.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221202005479\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
655 W. Broadway, Suite 1900, San Diego, CA 92101
\n
J.C. Sanchez, 800-449-4900
\n
jsanchez@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

INVESTOR DEADLINE: Olaplex Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 OLPX SAN DIEGO–(BUSINESS WIRE)– The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Olaplex Holdings, Inc. (NASDAQ: OLPX) common stock pursuant and\/or traceable to Olaplex\u2019s initial public offering conducted on or around September 30, 2021 (the \u201cIPO\u201d) have until January 17, 2023 to seek appointment as lead plaintiff of the Olaplex class action lawsuit. Captioned Lilien v. Olaplex Holdings, Inc., No. 22-cv-08395 (C.D. Cal.), the Olaplex class action lawsuit charges Olaplex as well ascertain of its top executives and directors with violations of the Securities Act of 1933. If you suffered substantial losses and wish to … <\/p>\n

Continue reading “INVESTOR DEADLINE: Olaplex Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 OLPX”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-716407","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR DEADLINE: Olaplex Holdings, Inc. 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Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit \u2013 OLPX SAN DIEGO–(BUSINESS WIRE)– The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Olaplex Holdings, Inc. (NASDAQ: OLPX) common stock pursuant and\/or traceable to Olaplex\u2019s initial public offering conducted on or around September 30, 2021 (the \u201cIPO\u201d) have until January 17, 2023 to seek appointment as lead plaintiff of the Olaplex class action lawsuit. Captioned Lilien v. Olaplex Holdings, Inc., No. 22-cv-08395 (C.D. Cal.), the Olaplex class action lawsuit charges Olaplex as well ascertain of its top executives and directors with violations of the Securities Act of 1933. If you suffered substantial losses and wish to … Continue reading "INVESTOR DEADLINE: Olaplex Holdings, Inc. 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